Roper Technologies Inc (NYSE:ROP) Director Christopher Wright sold 600 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $294.85, for a total value of $176,910.00. Following the completion of the transaction, the director now directly owns 63,080 shares of the company’s stock, valued at $18,599,138. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of ROP traded down $4.66 during trading hours on Monday, hitting $293.13. The company had a trading volume of 22,075 shares, compared to its average volume of 573,480. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.06 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. Roper Technologies Inc has a one year low of $252.23 and a one year high of $312.65.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, October 26th. The industrial products company reported $3.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.94 by $0.15. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $2.36 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Roper Technologies Inc will post 11.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.63%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, January 8th. Roper Technologies’s payout ratio is 17.52%.

A number of hedge funds have recently made changes to their positions in ROP. Cornerstone Wealth Management LLC purchased a new position in Roper Technologies during the 2nd quarter worth $113,000. Capital Bank & Trust Co grew its stake in Roper Technologies by 122.3% during the 3rd quarter. Capital Bank & Trust Co now owns 389 shares of the industrial products company’s stock worth $115,000 after buying an additional 214 shares during the last quarter. Ancora Advisors LLC purchased a new position in Roper Technologies during the 3rd quarter worth $118,000. Fort L.P. purchased a new position in Roper Technologies during the 2nd quarter worth $120,000. Finally, Psagot Investment House Ltd. purchased a new position in Roper Technologies during the 3rd quarter worth $124,000. Hedge funds and other institutional investors own 91.90% of the company’s stock.

Several research analysts have recently commented on ROP shares. Argus boosted their price target on Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Cowen reissued a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a research report on Tuesday, July 31st. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target for the company in a research report on Monday, July 30th. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, Barclays reduced their price target on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $317.82.

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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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