Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $234.97, for a total transaction of $469,940.00. Following the transaction, the director now owns 10,900 shares in the company, valued at approximately $2,561,173. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Roper Technologies Inc (NYSE ROP) traded up 0.17% during mid-day trading on Friday, reaching $229.54. 388,218 shares of the company’s stock traded hands. The firm has a 50 day moving average of $234.06 and a 200 day moving average of $218.02. The firm has a market cap of $23.46 billion, a PE ratio of 34.37 and a beta of 1.04. Roper Technologies Inc has a 1-year low of $167.50 and a 1-year high of $238.49.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 15.82% and a return on equity of 11.83%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $1.56 earnings per share. Roper Technologies’s revenue was up 23.2% compared to the same quarter last year. Analysts forecast that Roper Technologies Inc will post $9.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a $0.35 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.96%.

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Several institutional investors have recently added to or reduced their stakes in ROP. Motco increased its position in Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock valued at $101,000 after buying an additional 387 shares during the period. Independent Portfolio Consultants Inc. increased its position in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares during the period. Parallel Advisors LLC increased its position in Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after buying an additional 106 shares during the period. Private Advisor Group LLC acquired a new position in Roper Technologies during the first quarter valued at approximately $118,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock valued at $129,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 96.93% of the company’s stock.

A number of research firms have recently weighed in on ROP. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a report on Wednesday, July 12th. BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a report on Friday, July 7th. Finally, Canaccord Genuity restated a “hold” rating and set a $225.00 price target on shares of Roper Technologies in a report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $238.42.

About Roper Technologies

Insider Buying and Selling by Quarter for Roper Technologies (NYSE:ROP)

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