Roper Technologies Inc. (ROP) Sees Strong Trading Volume
Shares of Roper Technologies Inc. (NYSE:ROP) saw unusually-high trading volume on Friday . Approximately 1,481,927 shares were traded during trading, an increase of 80% from the previous session’s volume of 824,713 shares.The stock last traded at $176.40 and had previously closed at $173.22.
ROP has been the subject of several research reports. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of Roper Technologies in a research report on Wednesday, May 25th. Raymond James Financial Inc. initiated coverage on shares of Roper Technologies in a research report on Wednesday, July 20th. They set a “strong-buy” rating and a $206.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Roper Technologies from $209.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, April 26th. Zacks Investment Research downgraded shares of Roper Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $196.00 price objective (down previously from $205.00) on shares of Roper Technologies in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $194.40.
The stock has a market capitalization of $17.88 billion and a PE ratio of 26.53. The company’s 50 day moving average price is $170.69 and its 200 day moving average price is $172.98.
Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 25th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.05. The company had revenue of $932 million for the quarter, compared to the consensus estimate of $948.22 million. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, equities analysts expect that Roper Technologies Inc. will post $6.60 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, July 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.68%.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $171.54, for a total transaction of $686,160.00. Following the completion of the sale, the director now owns 14,038 shares in the company, valued at approximately $2,408,078.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 600 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $174.27, for a total transaction of $104,562.00. Following the sale, the director now owns 7,900 shares of the company’s stock, valued at approximately $1,376,733. The disclosure for this sale can be found here.
A number of hedge funds have made changes to their positions in ROP. Calvert Investment Management Inc. acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $1,265,000. BlackRock Advisors LLC raised its stake in shares of Roper Technologies by 6.3% in the fourth quarter. BlackRock Advisors LLC now owns 256,770 shares of the company’s stock worth $48,732,000 after buying an additional 15,187 shares during the period. State of Tennessee Treasury Department raised its stake in shares of Roper Technologies by 167.2% in the fourth quarter. State of Tennessee Treasury Department now owns 131,090 shares of the company’s stock worth $24,880,000 after buying an additional 82,023 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Roper Technologies by 50.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 18,442 shares of the company’s stock worth $3,500,000 after buying an additional 6,182 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Roper Technologies by 113.1% in the fourth quarter. Advisors Asset Management Inc. now owns 12,733 shares of the company’s stock worth $2,417,000 after buying an additional 6,759 shares during the period.
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.