Insider Selling: Roper Technologies Inc (ROP) VP Sells 9,000 Shares of Stock
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.
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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