Roper Technologies Inc (ROP) Director Robert D. Johnson Sells 750 Shares
Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $301.86, for a total value of $226,395.00. Following the completion of the transaction, the director now directly owns 9,200 shares of the company’s stock, valued at $2,777,112. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of ROP opened at $287.22 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.66. The stock has a market capitalization of $29.65 billion, a PE ratio of 25.39, a P/E/G ratio of 1.98 and a beta of 1.15. Roper Technologies Inc has a 1 year low of $252.23 and a 1 year high of $312.65.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.15. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.36 EPS. As a group, sell-side analysts expect that Roper Technologies Inc will post 11.72 EPS for the current year.
Several equities analysts have recently issued reports on ROP shares. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Stephens started coverage on Roper Technologies in a research note on Monday, November 19th. They issued an “overweight” rating and a $333.00 price objective for the company. Barclays decreased their price objective on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. Finally, JPMorgan Chase & Co. cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 price objective for the company. in a research note on Friday, September 21st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $319.08.
A number of hedge funds have recently bought and sold shares of ROP. Vaughan Nelson Investment Management L.P. lifted its stake in Roper Technologies by 71.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 436,175 shares of the industrial products company’s stock worth $129,200,000 after purchasing an additional 181,045 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Roper Technologies by 21.4% during the third quarter. Bank of New York Mellon Corp now owns 952,273 shares of the industrial products company’s stock worth $282,073,000 after purchasing an additional 168,161 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Roper Technologies by 949.7% during the second quarter. Point72 Asset Management L.P. now owns 157,454 shares of the industrial products company’s stock worth $43,443,000 after purchasing an additional 142,454 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Roper Technologies by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock worth $370,008,000 after purchasing an additional 134,469 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in Roper Technologies by 32.7% during the third quarter. Marshall Wace North America L.P. now owns 507,364 shares of the industrial products company’s stock worth $150,286,000 after purchasing an additional 124,939 shares during the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.
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Roper Technologies Company Profile
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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