Richard F. Wallman Sells 1,000 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

by · The Cerbat Gem

Roper Technologies, Inc. (NYSE:ROP – Get Free Report) Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roper Technologies Trading Up 0.6 %

ROP stock traded up $3.13 during trading on Monday, reaching $545.13. The company had a trading volume of 282,832 shares, compared to its average volume of 495,786. The business has a 50 day moving average of $551.26 and a 200 day moving average of $545.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market cap of $58.45 billion, a P/E ratio of 39.65, a PEG ratio of 2.83 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $476.02 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP – Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business posted $4.32 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.23 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Stephens Investment Management Group LLC grew its holdings in Roper Technologies by 10.4% in the third quarter. Stephens Investment Management Group LLC now owns 26,467 shares of the industrial products company’s stock worth $14,727,000 after purchasing an additional 2,494 shares during the period. Oak Ridge Investments LLC grew its stake in shares of Roper Technologies by 5.4% in the 3rd quarter. Oak Ridge Investments LLC now owns 15,139 shares of the industrial products company’s stock worth $8,424,000 after buying an additional 782 shares during the last quarter. Davis Rea LTD. bought a new position in Roper Technologies during the 3rd quarter valued at approximately $2,810,000. First Trust Direct Indexing L.P. raised its stake in Roper Technologies by 12.1% during the third quarter. First Trust Direct Indexing L.P. now owns 5,392 shares of the industrial products company’s stock valued at $3,000,000 after buying an additional 584 shares during the last quarter. Finally, Evermay Wealth Management LLC raised its stake in Roper Technologies by 3.5% during the third quarter. Evermay Wealth Management LLC now owns 1,229 shares of the industrial products company’s stock valued at $684,000 after buying an additional 42 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer cut their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Check Out Our Latest Stock Report on Roper Technologies

About Roper Technologies

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Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

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