Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the transaction, the director now owns 7,700 shares of the company’s stock, valued at approximately $2,654,652. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ROP stock traded up $4.25 during trading hours on Tuesday, hitting $351.66. 589,995 shares of the company were exchanged, compared to its average volume of 395,603. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.43 and a beta of 1.18. Roper Technologies Inc has a fifty-two week low of $245.59 and a fifty-two week high of $363.85. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 0.55.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.78 by $0.52. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 EPS. Analysts anticipate that Roper Technologies Inc will post 12.89 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $210,000. Ameritas Investment Corp acquired a new stake in Roper Technologies in the 1st quarter valued at $43,000. FMR LLC grew its position in Roper Technologies by 95.8% in the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after purchasing an additional 848,157 shares during the period. Kore Private Wealth LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $53,000. Finally, Wealthsource Partners LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $242,000. 93.20% of the stock is owned by institutional investors.

Several research analysts have issued reports on the stock. Stephens raised their price target on shares of Roper Technologies from $390.00 to $402.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Argus raised their price target on shares of Roper Technologies from $330.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Raymond James raised their price target on shares of Roper Technologies from $330.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Oppenheimer raised their price target on shares of Roper Technologies from $335.00 to $375.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, Barclays raised their price target on shares of Roper Technologies from $316.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $349.90.

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Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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