Roper Technologies (NASDAQ:ROP) CEO Laurence Neil Hunn Sells 40,000 Shares of Company Stock

Roper Technologies, Inc. (NASDAQ:ROP) CEO Laurence Hunn sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $492.50, for a total value of $19,700,000.00. Following the completion of the sale, the chief executive officer owned 44,457 shares of the company’s stock, valued at approximately $21,895,072.50. This represents a 47.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roper Technologies Trading Down 2.9%

ROP opened at $476.60 on Friday. The firm has a market capitalization of $47.14 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.38 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The business has a 50 day simple moving average of $399.06 and a two-hundred day simple moving average of $367.19. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $507.24.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The company had revenue of $2.17 billion for the quarter. During the same period last year, the company earned $5.14 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that Roper Technologies, Inc. will post 22.38 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Monday, January 4th will be given a $1.00 dividend. The ex-dividend date is Monday, January 4th. This represents a $4.00 annualized dividend and a yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.91. Roper Technologies’s payout ratio is 14.36%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ROP. BlackRock Inc. bought a new position in shares of Roper Technologies during the 2nd quarter worth approximately $3,346,912,000. Wellington Management Group LLP bought a new position in Roper Technologies in the second quarter worth about $890,328,000. Corient Private Wealth LP purchased a new stake in shares of Roper Technologies during the 2nd quarter valued at about $80,953,000. Flossbach Von Storch SE bought a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $448,321,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Roper Technologies by 206.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after purchasing an additional 903,223 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $415.00 to $490.00 in a research report on Monday, October 26th. 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. BMO Capital Markets restated a “market perform” rating and set a $462.00 target price (up from $393.00) on shares of Roper Technologies in a report on Friday, October 23rd. Argus raised 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. Finally, Piper Sandler reduced their price objective on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $469.41.

Trending Headlines about 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

Roper Technologies Company Profile

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.