Roper Technologies Inc (NYSE:ROP) VP John K. Stipancich sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the sale, the vice president now directly owns 39,521 shares in the company, valued at $11,683,198.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ROP stock opened at $297.62 on Friday. Roper Technologies Inc has a 1 year low of $245.59 and a 1 year high of $312.65. The company has a market cap of $30.81 billion, a PE ratio of 25.20, a P/E/G ratio of 1.98 and a beta of 1.13. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.09. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned $2.70 earnings per share. Roper Technologies’s quarterly revenue was up 11.6% on a year-over-year basis. Research analysts predict that Roper Technologies Inc will post 12.18 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, January 8th. Roper Technologies’s dividend payout ratio is presently 15.66%.

Several hedge funds have recently made changes to their positions in ROP. Cutler Group LP acquired a new position in Roper Technologies in the fourth quarter valued at approximately $26,000. We Are One Seven LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Roper Technologies by 125.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 135 shares of the industrial products company’s stock valued at $36,000 after buying an additional 75 shares during the period. Capital Investment Advisory Services LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $36,000. Finally, Penserra Capital Management LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $36,000. Institutional investors own 91.33% of the company’s stock.

Several analysts have weighed in on ROP shares. Barclays decreased their price objective on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a research note on Monday, October 29th. Stephens started coverage on shares of Roper Technologies in a research note on Monday, November 19th. They set an “overweight” rating and a $333.00 price objective on the stock. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Robert W. Baird upped their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $321.25.

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About Roper Technologies

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

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