Richard F. Wallman Acquires 500 Shares of Roper Technologies Inc (ROP) Stock
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.
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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