Roper Technologies, Inc. (NYSE:ROP) Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction on Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the sale, the director now directly owns 65,104 shares of the company’s stock, valued at approximately $15,234,336. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Christopher Wright also recently made the following trade(s):

  • On Friday, June 9th, Christopher Wright sold 1,800 shares of Roper Technologies stock. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00.

Shares of Roper Technologies, Inc. (NYSE ROP) traded down 0.10% during trading on Wednesday, hitting $233.10. 376,080 shares of the stock were exchanged. The firm’s 50 day moving average price is $234.15 and its 200-day moving average price is $219.48. The stock has a market cap of $23.83 billion, a P/E ratio of 34.90 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $238.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company posted $1.56 EPS. The company’s revenue was up 23.2% on a year-over-year basis. On average, analysts predict that Roper Technologies, Inc. will post $9.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is currently 20.96%.

ILLEGAL ACTIVITY NOTICE: “Roper Technologies, Inc. (ROP) Director Christopher Wright Sells 1,000 Shares” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/16/roper-technologies-inc-rop-director-christopher-wright-sells-1000-shares.html.

Large investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake in Roper Technologies by 62.8% in the first quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock valued at $57,704,000 after buying an additional 107,785 shares during the period. Prudential Financial Inc. boosted its stake in Roper Technologies by 0.9% in the first quarter. Prudential Financial Inc. now owns 143,826 shares of the industrial products company’s stock valued at $29,698,000 after buying an additional 1,259 shares during the period. Meiji Yasuda Life Insurance Co purchased a new stake in Roper Technologies during the first quarter valued at $1,156,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Roper Technologies by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,296 shares of the industrial products company’s stock valued at $3,365,000 after buying an additional 601 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock valued at $2,168,593,000 after buying an additional 479,056 shares during the period. Institutional investors own 96.65% of the company’s stock.

A number of analysts have commented on the stock. Oppenheimer Holdings, Inc. lifted their target price on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 target price for the company in a report on Tuesday, August 1st. BidaskClub lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $225.00 target price on shares of Roper Technologies in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $248.00 target price (up previously from $245.00) on shares of Roper Technologies in a report on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Roper Technologies currently has an average rating of “Buy” and an average price target of $238.42.

About Roper Technologies

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

Receive News & Ratings for Roper Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.