Christopher Wright Sells 1,750 Shares of Roper Technologies Inc (ROP) Stock
Roper Technologies Inc (NYSE:ROP) Director Christopher Wright sold 1,750 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $328.13, for a total value of $574,227.50. Following the completion of the transaction, the director now owns 60,163 shares of the company’s stock, valued at $19,741,285.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Roper Technologies stock traded down $1.20 during midday trading on Wednesday, hitting $330.72. 248,466 shares of the company were exchanged, compared to its average volume of 410,418. The firm has a market cap of $34.34 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $334.88. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.64.
Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.13 by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Roper Technologies had a return on equity of 16.57% and a net margin of 18.19%. Roper Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $2.70 earnings per share. Equities analysts expect that Roper Technologies Inc will post 12.21 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its holdings in Roper Technologies by 38.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,172 shares of the industrial products company’s stock valued at $5,679,000 after purchasing an additional 5,296 shares during the period. Private Advisor Group LLC grew its holdings in Roper Technologies by 15.2% in the third quarter. Private Advisor Group LLC now owns 2,796 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 368 shares during the period. Commonwealth Equity Services LLC grew its holdings in Roper Technologies by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 8,621 shares of the industrial products company’s stock valued at $2,553,000 after purchasing an additional 293 shares during the period. JPMorgan Chase & Co. grew its holdings in Roper Technologies by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock valued at $370,008,000 after purchasing an additional 134,469 shares during the period. Finally, MML Investors Services LLC grew its holdings in Roper Technologies by 34.0% in the third quarter. MML Investors Services LLC now owns 4,831 shares of the industrial products company’s stock valued at $1,431,000 after purchasing an additional 1,227 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.
ROP has been the subject of several research analyst reports. Barclays reduced their price objective on Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating for the company in a research note on Monday, December 17th. Zacks Investment Research cut Roper Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. ValuEngine cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Robert W. Baird raised their price objective on Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Finally, Wells Fargo & Co raised their price objective on Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $325.88.
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About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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