Key Points
- CAO Brandon Cross sold 2,000 shares for about $978,600 at an average price of $489.30, reducing his direct stake by 46.83% to 2,271 shares.
- Roper reported quarterly EPS of $5.89, beating estimates of $5.79, while revenue rose 7.7% year over year to $2.17 billion. The company also raised its quarterly dividend from $0.91 to $1.00 per share.
- Analyst views are mixed: MarketBeat’s consensus rating is “Hold,” with an average price target of $469.41.
Roper Technologies, Inc. (NASDAQ:ROP - Get Free Report) CAO Brandon Cross sold 2,000 shares of the business's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $489.30, for a total transaction of $978,600.00. Following the transaction, the chief accounting officer directly owned 2,271 shares in the company, valued at $1,111,200.30. This trade represents a 46.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Roper Technologies Price Performance
NASDAQ:ROP opened at $490.96 on Friday. The stock has a market cap of $48.62 billion, a P/E ratio of 19.37, a PEG ratio of 2.44 and a beta of 0.67. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $507.24. The company has a fifty day moving average price of $397.99 and a 200 day moving average price of $366.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39.
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, beating analysts' consensus estimates of $5.79 by $0.10. The firm had revenue of $2.17 billion during the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. Roper Technologies's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $5.14 earnings per share. Analysts anticipate that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.
Roper Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Monday, January 4th will be given a dividend of $1.00 per share. This is an increase from Roper Technologies's previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 4th. Roper Technologies's dividend payout ratio (DPR) is currently 14.36%.
Wall Street Analysts Forecast Growth
Several research firms have commented on ROP. Jefferies Financial Group upped their price target on Roper Technologies from $500.00 to $540.00 and gave the company a "buy" rating in a report on Thursday, October 22nd. BMO Capital Markets reiterated a "market perform" rating and issued a $462.00 price objective (up from $393.00) on shares of Roper Technologies in a research report on Friday, October 23rd. Piper Sandler decreased their price objective on Roper Technologies from $540.00 to $526.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Mizuho set a $355.00 price objective on Roper Technologies in a research report on Tuesday, July 21st. Finally, Robert W. Baird set a $480.00 target price on Roper Technologies and gave the company an "outperform" rating in a research note on Friday, July 24th. One investment 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's stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Hold" and a consensus price target of $469.41.
Check Out Our Latest Research Report on ROP
Institutional Trading of Roper Technologies
Several institutional investors have recently made changes to their positions in the business. Ascent Group LLC acquired a new position in Roper Technologies in the third quarter worth about $1,903,000. Caldwell Trust Co bought a new position in Roper Technologies during the third quarter worth about $218,000. Rakuten Investment Management Inc. bought a new position in Roper Technologies during the third quarter worth about $9,247,000. Third View Private Wealth LLC acquired a new stake in Roper Technologies during the third quarter valued at approximately $256,000. Finally, Provenance Wealth Advisors LLC acquired a new stake in Roper Technologies during the third quarter valued at approximately $63,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Company Profile
(
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.
Further Reading
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