John K. Stipancich Sells 1,000 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROP) VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP traded up $1.39 during midday trading on Monday, hitting $577.04. The stock had a trading volume of 880,073 shares, compared to its average volume of 700,415. The company has a market cap of $61.88 billion, a P/E ratio of 40.24, a PEG ratio of 2.76 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $535.93 and its 200-day moving average is $544.64. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.31.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s payout ratio is currently 23.01%.

Institutional Trading of Roper Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. VisionPoint Advisory Group LLC bought a new position in shares of Roper Technologies during the fourth quarter worth $64,000. Bradley Foster & Sargent Inc. CT increased its position in Roper Technologies by 7.2% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,497 shares of the industrial products company’s stock valued at $778,000 after acquiring an additional 100 shares during the last quarter. Suncoast Equity Management grew its stake in shares of Roper Technologies by 11.1% during the fourth quarter. Suncoast Equity Management now owns 1,540 shares of the industrial products company’s stock valued at $801,000 after buying an additional 154 shares during the last quarter. Tandem Investment Advisors Inc. increased its holdings in Roper Technologies by 3.2% during the 4th quarter. Tandem Investment Advisors Inc. now owns 65,535 shares of the industrial products company’s stock worth $34,069,000 after purchasing an additional 2,040 shares during the period. Finally, Forte Capital LLC ADV increased its position in Roper Technologies by 4.6% during the 4th quarter. Forte Capital LLC ADV now owns 609 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ROP shares. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Company Profile

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.