Traders Sell Roper Technologies (ROP) on Strength on Insider Selling

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Investors sold shares of Roper Technologies Inc (NYSE:ROP) on strength during trading hours on Thursday after an insider sold shares in the company. $26.49 million flowed into the stock on the tick-up and $59.45 million flowed out of the stock on the tick-down, for a money net flow of $32.96 million out of the stock. Of all equities tracked, Roper Technologies had the 0th highest net out-flow for the day. Roper Technologies traded up $1.34 for the day and closed at $303.11Specifically, Director Christopher Wright sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $286.97, for a total value of $358,712.50. Following the completion of the sale, the director now directly owns 63,300 shares of the company’s stock, valued at approximately $18,165,201. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $299.78, for a total transaction of $1,498,900.00. Following the completion of the sale, the vice president now directly owns 19,205 shares of the company’s stock, valued at $5,757,274.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,000 shares of company stock valued at $2,974,970. 2.30% of the stock is owned by insiders.

A number of brokerages have recently weighed in on ROP. Argus upped their price target on shares of Roper Technologies from $295.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Cowen reaffirmed a “buy” rating and issued a $330.00 price target on shares of Roper Technologies in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $335.00 price target for the company in a research note on Monday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, Raymond James lowered shares of Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $313.50.

The company has a market cap of $30.84 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80.

Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, July 26th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.70 by $0.19. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $2.24 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis. research analysts anticipate that Roper Technologies Inc will post 11.51 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. McKinley Carter Wealth Services Inc. lifted its stake in Roper Technologies by 9.0% during the first quarter. McKinley Carter Wealth Services Inc. now owns 6,450 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 530 shares during the last quarter. AGF Investments Inc. raised its holdings in shares of Roper Technologies by 127.8% during the first quarter. AGF Investments Inc. now owns 15,302 shares of the industrial products company’s stock valued at $4,295,000 after acquiring an additional 8,585 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of Roper Technologies by 2.4% during the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 105,364 shares of the industrial products company’s stock valued at $29,071,000 after acquiring an additional 2,433 shares during the period. M&T Bank Corp raised its holdings in shares of Roper Technologies by 4.6% during the first quarter. M&T Bank Corp now owns 19,012 shares of the industrial products company’s stock valued at $5,335,000 after acquiring an additional 829 shares during the period. Finally, First Bank & Trust raised its holdings in shares of Roper Technologies by 10.2% during the second quarter. First Bank & Trust now owns 3,017 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 280 shares during the period. 92.52% of the stock is owned by institutional investors and hedge funds.

About Roper Technologies (NYSE:ROP)

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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