Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 750 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $298.37, for a total transaction of $223,777.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Roper Technologies stock opened at $304.02 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. The firm has a market cap of $31.33 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. Roper Technologies Inc has a one year low of $229.14 and a one year high of $312.38.
Roper Technologies (NYSE:ROP) last posted its earnings results on Thursday, July 26th. The industrial products company reported $2.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.19. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. Roper Technologies had a net margin of 21.99% and a return on equity of 15.81%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.24 earnings per share. sell-side analysts predict that Roper Technologies Inc will post 11.51 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on ROP shares. 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 on the stock in a research note on Monday, July 30th. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Finally, Raymond James downgraded 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Roper Technologies currently has an average rating of “Buy” and an average price target of $313.50.
Institutional investors have recently bought and sold shares of the business. Litman Gregory Asset Management LLC acquired a new position in Roper Technologies during the first quarter worth $105,000. Jacobi Capital Management LLC increased its position in Roper Technologies by 99.0% during the first quarter. Jacobi Capital Management LLC now owns 386 shares of the industrial products company’s stock worth $106,000 after buying an additional 192 shares during the last quarter. Three Peaks Capital Management LLC acquired a new position in Roper Technologies during the first quarter worth $114,000. Fort L.P. acquired a new position in Roper Technologies during the second quarter worth $120,000. Finally, Signaturefd LLC acquired a new position in Roper Technologies during the first quarter worth $130,000. 92.52% of the stock is currently owned by hedge funds and other institutional investors.
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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