Roper Technologies (NYSE:ROP) Shares Gap Up to $536.03

Roper Technologies, Inc. (NYSE:ROP) shares gapped up before the market opened on Monday . The stock had previously closed at $536.03, but opened at $549.99. Roper Technologies shares last traded at $526.38, with a volume of 70,371 shares changing hands.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $604.33.

Roper Technologies Trading Up 0.1 %

The company has a market cap of $55.46 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $552.70 and a 200-day simple moving average of $545.54.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,940 shares of company stock valued at $2,214,019. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roper Technologies

Several large investors have recently bought and sold shares of ROP. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies during the first quarter worth about $25,000. Rise Advisors LLC purchased a new position in Roper Technologies during the first quarter worth about $27,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. OFI Invest Asset Management purchased a new position in Roper Technologies during the first quarter worth about $29,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.