Traders Sell Shares of Roper Technologies, Inc. (ROP) on Strength (ROP)
Investors sold shares of Roper Technologies, Inc. (NYSE:ROP) on strength during trading hours on Friday. $14.66 million flowed into the stock on the tick-up and $56.54 million flowed out of the stock on the tick-down, for a money net flow of $41.88 million out of the stock. Of all stocks tracked, Roper Technologies had the 16th highest net out-flow for the day. Roper Technologies traded up $0.37 for the day and closed at $258.20
A number of brokerages have commented on ROP. Oppenheimer Holdings, Inc. increased their price objective on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Cowen and Company reissued a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $253.67.
The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. The firm has a market cap of $26,400.00, a PE ratio of 30.25, a PEG ratio of 2.26 and a beta of 1.05.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $1.65 EPS. Roper Technologies’s revenue for the quarter was up 23.7% on a year-over-year basis. analysts expect that Roper Technologies, Inc. will post 9.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 20.35%.
In other news, Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $2,590,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 250 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $258.64, for a total transaction of $64,660.00. Following the completion of the sale, the director now owns 64,450 shares of the company’s stock, valued at approximately $16,669,348. The disclosure for this sale can be found here. Insiders sold a total of 11,750 shares of company stock valued at $2,915,690 in the last 90 days. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ROP. Janus Henderson Group PLC lifted its stake in shares of Roper Technologies by 309.5% in the 2nd quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after acquiring an additional 687,588 shares during the period. Vanguard Group Inc. lifted its stake in shares of Roper Technologies by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after purchasing an additional 354,064 shares during the period. Congress Asset Management Co. MA acquired a new stake in shares of Roper Technologies in the second quarter valued at about $43,067,000. Ardevora Asset Management LLP acquired a new stake in shares of Roper Technologies in the second quarter valued at about $36,767,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Roper Technologies by 91.4% in the second quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock valued at $71,488,000 after purchasing an additional 147,465 shares during the period. Institutional investors own 94.13% of the company’s stock.
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Roper Technologies Company Profile
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