Laurence Neil Hunn Sells 5,000 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROPGet Rating) CEO Laurence Neil Hunn sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the sale, the chief executive officer now owns 112,048 shares in the company, valued at approximately $49,701,131.36. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Roper Technologies Price Performance

ROP opened at $450.98 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.37 and a current ratio of 1.41. The stock has a market capitalization of $47.83 billion, a P/E ratio of 16.57, a P/E/G ratio of 2.71 and a beta of 1.06. The company’s 50-day simple moving average is $434.09 and its two-hundred day simple moving average is $411.64. Roper Technologies, Inc. has a 52-week low of $356.21 and a 52-week high of $488.23.

Roper Technologies (NYSE:ROPGet Rating) last posted its earnings results on Wednesday, October 26th. The industrial products company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.23. Roper Technologies had a net margin of 50.95% and a return on equity of 12.25%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $3.91 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts predict that Roper Technologies, Inc. will post 14.13 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 23rd. Stockholders of record on Monday, January 9th will be given a dividend of $0.6825 per share. The ex-dividend date of this dividend is Friday, January 6th. This represents a $2.73 annualized dividend and a dividend yield of 0.61%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.62. Roper Technologies’s dividend payout ratio is presently 10.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROP. Wells Fargo & Company upped their price target on shares of Roper Technologies from $500.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. The Goldman Sachs Group upped their price target on shares of Roper Technologies from $423.00 to $468.00 and gave the stock a “neutral” rating in a research note on Thursday, December 15th. Barclays upped their price target on shares of Roper Technologies from $500.00 to $510.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. Finally, StockNews.com assumed coverage on shares of Roper Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $495.43.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC increased its holdings in Roper Technologies by 1.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after acquiring an additional 463 shares in the last quarter. Prudential PLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $1,038,000. Cetera Investment Advisers increased its holdings in Roper Technologies by 0.8% in the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after acquiring an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $367,000. Finally, Candriam Luxembourg S.C.A. increased its holdings in Roper Technologies by 432.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock worth $17,569,000 after acquiring an additional 30,214 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Roper Technologies Company Profile

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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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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