Roper Technologies, Inc. (NASDAQ:ROP - Get Free Report) EVP John Stipancich sold 3,500 shares of the company's stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the transaction, the executive vice president directly owned 35,434 shares in the company, valued at $15,911,283.36. This represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Roper Technologies Trading Up 1.4%
Roper Technologies stock opened at $440.66 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. The stock has a market cap of $43.58 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75. The stock has a 50-day moving average of $390.37 and a two-hundred day moving average of $365.30. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $455.80.
Roper Technologies (NASDAQ:ROP - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, topping analysts' consensus estimates of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business had revenue of $2.17 billion for the quarter. During the same quarter in the previous year, the firm posted $5.14 EPS. Roper Technologies's revenue was up 7.7% on a year-over-year basis. On average, research analysts anticipate that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal year.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Roper Technologies's payout ratio is currently 14.36%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ROP. Citigroup raised their price target on shares of Roper Technologies from $450.00 to $525.00 and gave the stock a "buy" rating in a report on Friday, October 23rd. BMO Capital Markets reissued a "market perform" rating and set a $462.00 price objective (up from $393.00) on shares of Roper Technologies in a report on Friday, October 23rd. JPMorgan Chase & Co. raised Roper Technologies from an "underweight" rating to a "neutral" rating and upped their target price for the company from $415.00 to $490.00 in a research report on Monday. Truist Financial upped their target price on Roper Technologies from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Finally, Mizuho set a $355.00 target price on Roper Technologies in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of "Hold" and a consensus target price of $469.41.
Check Out Our Latest Stock Report on Roper Technologies
Hedge Funds Weigh In On Roper Technologies
A number of institutional investors have recently bought and sold shares of ROP. BlackRock Inc. acquired a new stake in Roper Technologies during the 2nd quarter valued at approximately $3,346,912,000. Wellington Management Group LLP purchased a new stake in Roper Technologies in the second quarter valued at $890,328,000. Corient Private Wealth LP purchased a new stake in Roper Technologies in the second quarter valued at $80,953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Roper Technologies by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company's stock worth $462,667,000 after purchasing an additional 78,713 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Roper Technologies by 206.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock worth $474,070,000 after purchasing an additional 903,223 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.
More Roper Technologies News
Here are the key news stories impacting Roper Technologies this week:
- Positive Sentiment: JPMorgan upgraded Roper Technologies from “underweight” to “neutral,” signaling a less cautious outlook following the company’s recent earnings performance. JPMorgan upgrade article
- Positive Sentiment: Goldman Sachs raised its price target for ROP to $468 from $410, adding support to the bullish case and reinforcing confidence in Roper’s recurring-revenue business model. Goldman Sachs price target article
- Positive Sentiment: Recent analysis cited artificial-intelligence opportunities, the Deltek cloud migration, and acquisition activity as potential catalysts for growth. The investment thesis also benefits from Roper’s diversified portfolio of specialized software and technology businesses. Roper Technologies growth strategy article
- Positive Sentiment: Roper’s latest quarter exceeded expectations, with adjusted earnings of $5.89 per share versus the $5.79 consensus and revenue of $2.17 billion, up 7.7% year over year. The earnings beat and resilient operating performance are helping improve the investment narrative.
- Neutral Sentiment: Analyst opinion remains mixed despite the upgrades. MarketBeat lists a consensus rating of “Hold” and an average price target of approximately $469.41, suggesting potential upside but also continued valuation caution.
- Negative Sentiment: Two executive sales may create a modest overhang. EVP Jason Conley sold 12,000 shares for about $5.2 million, reducing his position by 29.66%, while EVP John Stipancich sold 3,500 shares for approximately $1.6 million, cutting his holdings by 8.99%. These sales may reflect personal financial decisions rather than deteriorating fundamentals, but investors could view the insider activity cautiously. Roper Technologies insider selling article
About Roper Technologies
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
