Roper Technologies, Inc. (ROP) Director Sells $1,038,040.00 in Stock

Roper Technologies, Inc. (NYSE:ROP) Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total value of $1,038,040.00. Following the transaction, the director now owns 14,038 shares in the company, valued at approximately $3,643,001.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Roper Technologies, Inc. (NYSE ROP) opened at $258.06 on Friday. The stock has a market capitalization of $26.24 billion, a PE ratio of 29.95, a P/E/G ratio of 2.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 1.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 earnings per share. equities research analysts anticipate that Roper Technologies, Inc. will post 9.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s dividend payout ratio is currently 20.32%.

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A number of equities analysts have recently weighed in on ROP shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Cowen and Company reiterated a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a research note on Thursday, October 12th. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $249.15.

A number of large investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Roper Technologies by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after buying an additional 23 shares in the last quarter. Bellwether Investment Group LLC boosted its holdings in shares of Roper Technologies by 1.2% in the 2nd quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 26 shares in the last quarter. Scotia Capital Inc. boosted its holdings in shares of Roper Technologies by 1.8% in the 2nd quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock valued at $404,000 after purchasing an additional 30 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Roper Technologies by 0.3% in the 2nd quarter. Pitcairn Co. now owns 13,754 shares of the industrial products company’s stock valued at $3,184,000 after purchasing an additional 44 shares in the last quarter. Finally, Chesley Taft & Associates LLC boosted its holdings in shares of Roper Technologies by 0.5% in the 2nd quarter. Chesley Taft & Associates LLC now owns 8,410 shares of the industrial products company’s stock valued at $1,947,000 after purchasing an additional 45 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company Profile

Insider Buying and Selling by Quarter for Roper Technologies (NYSE:ROP)

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