Roper Technologies Inc. (ROP) Sees Large Volume Increase
Roper Technologies Inc. (NYSE:ROP) shares saw strong trading volume on Friday . 1,481,927 shares traded hands 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.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd. RBC Capital Markets reiterated an “outperform” rating and set a $196.00 price target (down previously from $205.00) on shares of Roper Technologies in a research report on Tuesday, July 26th. Barclays PLC reduced their price target on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a research report on Tuesday, July 26th. Royal Bank Of Canada reduced their price target on Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. reduced their price target on Roper Technologies from $164.00 to $157.00 and set an “underweight” rating for the company in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $194.40.
The company has a 50 day moving average price of $170.69 and a 200-day moving average price of $172.98. The stock has a market cap of $17.88 billion and a P/E ratio of 26.53.
Roper Technologies (NYSE:ROP) last issued 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 firm earned $932 million during the quarter, compared to analyst estimates of $948.22 million. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 earnings per share. On average, analysts forecast that Roper Technologies Inc. will post $6.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.68%.
In related news, Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $171.54, for a total transaction of $686,160.00. Following the sale, the director now directly owns 14,038 shares in the company, valued at approximately $2,408,078.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 600 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $174.27, for a total value of $104,562.00. Following the sale, the director now owns 7,900 shares in the company, valued at $1,376,733. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. Calvert Investment Management Inc. acquired a new stake in Roper Technologies during the fourth quarter worth approximately $1,265,000. Victory Capital Management Inc. raised its stake in Roper Technologies by 27.3% in the fourth quarter. Victory Capital Management Inc. now owns 6,942 shares of the company’s stock worth $1,318,000 after buying an additional 1,487 shares during the period. Advisors Asset Management Inc. raised its stake in 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. BNP Paribas Arbitrage SA raised its stake in 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, State of Tennessee Treasury Department raised its stake in 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.
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.
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