Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $360.33, for a total value of $180,165.00. Following the transaction, the director now owns 8,580 shares of the company’s stock, valued at $3,091,631.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
ROP opened at $351.76 on Wednesday. The business has a fifty day moving average price of $344.86 and a 200 day moving average price of $356.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.08 and a quick ratio of 0.94. Roper Technologies Inc has a 12 month low of $245.59 and a 12 month high of $385.51. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.52 and a beta of 1.14.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Roper Technologies had a return on equity of 16.46% and a net margin of 21.58%. Roper Technologies’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.09 EPS. On average, research analysts anticipate that Roper Technologies Inc will post 13 earnings per share for the current year.
A number of brokerages have issued reports on ROP. Royal Bank of Canada set a $383.00 price target on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Stephens set a $386.00 target price on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Roper Technologies currently has an average rating of “Buy” and a consensus price target of $373.10.
A number of large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC increased its position in shares of Roper Technologies by 7,677.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,000,266 shares of the industrial products company’s stock valued at $732,618,000 after purchasing an additional 1,974,547 shares during the last quarter. Invesco Ltd. grew its stake in shares of Roper Technologies by 29.0% during the second quarter. Invesco Ltd. now owns 1,276,987 shares of the industrial products company’s stock worth $467,709,000 after purchasing an additional 287,128 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Roper Technologies during the second quarter worth $68,307,000. Morgan Stanley grew its stake in shares of Roper Technologies by 115.6% during the second quarter. Morgan Stanley now owns 290,356 shares of the industrial products company’s stock worth $106,345,000 after purchasing an additional 155,677 shares in the last quarter. Finally, Mirova increased its holdings in Roper Technologies by 132,040.5% in the second quarter. Mirova now owns 153,283 shares of the industrial products company’s stock valued at $56,141,000 after buying an additional 153,167 shares during the last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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