Key Points
- CEO Laurence Hunn sold 40,000 shares for $19.7 million, reducing his direct ownership by 47.36% to 44,457 shares.
- Roper beat quarterly earnings estimates, reporting EPS of $5.89 versus $5.79 expected, while revenue rose 7.7% year over year to $2.17 billion.
- The company raised its quarterly dividend from $0.91 to $1.00 per share. Analysts’ consensus rating is “Hold,” with an average price target of $469.41.
Roper Technologies, Inc. (NASDAQ:ROP - Get Free Report) CEO Laurence Hunn sold 40,000 shares of Roper Technologies stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $492.50, for a total value of $19,700,000.00. Following the sale, the chief executive officer directly owned 44,457 shares of the company's stock, valued at $21,895,072.50. This trade represents a 47.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Roper Technologies Trading Down 2.9%
ROP opened at $476.60 on Friday. The stock has a market capitalization of $47.14 billion, a PE ratio of 18.81, a P/E/G ratio of 2.38 and a beta of 0.67. The firm's fifty day moving average price is $399.06 and its 200 day moving average price is $367.19. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $507.24. 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 released its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.10. The company had revenue of $2.17 billion during the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $5.14 EPS. As a group, research analysts expect that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal 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 paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. This is a boost from Roper Technologies's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Monday, January 4th. Roper Technologies's dividend payout ratio (DPR) is currently 14.36%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ROP. Truist Financial raised their price target on shares of Roper Technologies from $475.00 to $500.00 and gave the company a "buy" rating in a report on Friday, October 23rd. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $415.00 to $490.00 in a report on Monday, October 26th. Argus raised shares of Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 price objective for the company in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 20th. Finally, Piper Sandler dropped their price target on shares of Roper Technologies from $540.00 to $526.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $469.41.
Get Our Latest Analysis on ROP
Key Stories Impacting Roper Technologies
Here are the key news stories impacting Roper Technologies this week:
- Positive Sentiment: Roper raised its quarterly dividend about 10%, from $0.91 to $1.00 per share, extending its streak of annual increases to 34 years. The increase signals continued commitment to shareholder returns and confidence in the business. Roper Technologies Rewards Shareholders With 10% Dividend Hike
- Negative Sentiment: CEO Laurence Hunn sold 40,000 shares for $19.7 million, reducing his direct holdings by 47.36%. Separately, Chief Accounting Officer Brandon Cross sold 2,000 shares, cutting his position by 46.83%. The sales may raise investor concern, though insider transactions alone do not establish a negative outlook. CEO SEC filing CAO SEC filing
- Negative Sentiment: A recent commentary says ROP looks fully valued as investors focus on cash flow, suggesting limited room for further gains if cash generation does not support expectations. Roper Technologies Stock Looks Fully Valued As Cash Flow Comes Into Focus
Institutional Trading of Roper Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $27,000. Global Assets Advisory LLC acquired a new position in shares of Roper Technologies in the 1st quarter worth approximately $36,000. Salomon & Ludwin LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $37,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Roper Technologies during the second quarter valued at $36,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Roper Technologies by 114.8% in the second quarter. CoreCap Advisors LLC now owns 131 shares of the industrial products company's stock worth $44,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.
About Roper Technologies
(
Get Free Report)
Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy.
The company's portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.
Roper traces its history to 1981, when it was established as Roper Industries; it adopted the name Roper Technologies in 2015 as its business increasingly focused on software and technology.
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