Insider Selling: Roper Technologies (NASDAQ:ROP) EVP Sells $1,571,640.00 in Stock

Roper Technologies, Inc. (NASDAQ:ROP) EVP John Stipancich sold 3,500 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the sale, the executive vice president directly owned 35,434 shares in the company, valued at approximately $15,911,283.36. This represents a 8.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roper Technologies Trading Up 3.8%

ROP opened at $466.60 on Friday. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $470.01. The stock has a market capitalization of $46.15 billion, a PE ratio of 18.41, a PEG ratio of 2.23 and a beta of 0.75. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $392.34 and a two-hundred day moving average price of $365.55.

Roper Technologies (NASDAQ:ROP) last announced its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The company had revenue of $2.17 billion for the quarter. During the same quarter in the previous year, the company posted $5.14 earnings per share. Roper Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies’s payout ratio is 14.36%.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Wealth Management Group LLC raised its position in shares of Roper Technologies by 195.8% during the first quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 47 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Roper Technologies during the 2nd quarter valued at about $27,000. Global Assets Advisory LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at approximately $36,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Roper Technologies in the 2nd quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC bought a new stake in Roper Technologies during the 3rd quarter worth approximately $37,000. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ROP shares. Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Thursday, August 6th. Raymond James Financial downgraded Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group dropped their target price on Roper Technologies from $414.00 to $410.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Robert W. Baird set a $480.00 price objective on shares of Roper Technologies and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Citigroup raised their price objective on shares of Roper Technologies from $450.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies has an average rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.