Roper Technologies Inc (NYSE:ROP) Director Richard F. Wallman acquired 500 shares of the stock in a transaction dated Friday, September 14th. The shares were purchased at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the purchase, the director now directly owns 52,965 shares in the company, valued at $16,543,617.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of ROP opened at $310.83 on Friday. Roper Technologies Inc has a 52 week low of $235.28 and a 52 week high of $312.52. The stock has a market capitalization of $31.47 billion, a P/E ratio of 28.83, a P/E/G ratio of 2.14 and a beta of 1.12. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 0.66.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $2.89 EPS for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.19. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $2.24 EPS. Roper Technologies’s quarterly revenue was up 12.6% on a year-over-year basis. equities analysts expect that Roper Technologies Inc will post 11.51 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. McKinley Carter Wealth Services Inc. boosted its holdings in Roper Technologies by 9.0% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 6,450 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 530 shares during the period. Mountain Pacific Investment Advisers Inc. ID lifted its holdings in shares of Roper Technologies by 2.4% during the 2nd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 105,364 shares of the industrial products company’s stock worth $29,071,000 after acquiring an additional 2,433 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $1,127,000. First Bank & Trust lifted its holdings in shares of Roper Technologies by 10.2% during the 2nd quarter. First Bank & Trust now owns 3,017 shares of the industrial products company’s stock worth $832,000 after acquiring an additional 280 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Roper Technologies by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 377,777 shares of the industrial products company’s stock worth $104,233,000 after acquiring an additional 11,847 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Cowen reiterated a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Argus upped their price target on shares of Roper Technologies from $295.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $313.50.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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