Insider Selling: Roper Technologies, Inc. (NYSE:ROP) Director Sells 300 Shares of Stock

Roper Technologies, Inc. (NYSE:ROPGet Free Report) Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is available at this link.

Christopher Wright also recently made the following trade(s):

  • On Monday, March 18th, Christopher Wright sold 200 shares of Roper Technologies stock. The shares were sold at an average price of $549.71, for a total value of $109,942.00.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP opened at $558.19 on Thursday. Roper Technologies, Inc. has a 1-year low of $453.16 and a 1-year high of $565.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The stock has a market cap of $59.75 billion, a P/E ratio of 40.51, a P/E/G ratio of 2.92 and a beta of 1.01. The firm has a fifty day moving average price of $534.51 and a 200 day moving average price of $540.63.

Roper Technologies (NYSE:ROPGet Free Report) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.90 earnings per share. Sell-side analysts predict that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Mizuho boosted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.82.

Read Our Latest Analysis on Roper Technologies

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. American Trust acquired a new stake in shares of Roper Technologies during the first quarter worth $2,887,000. EverSource Wealth Advisors LLC raised its position in Roper Technologies by 29.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 477 shares of the industrial products company’s stock worth $244,000 after buying an additional 109 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Roper Technologies by 14.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 181,049 shares of the industrial products company’s stock worth $100,249,000 after acquiring an additional 22,859 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Roper Technologies by 4.7% in the first quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company’s stock valued at $3,142,000 after acquiring an additional 253 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock worth $11,408,000 after acquiring an additional 13,597 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Company Profile

(Get Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

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