Roper Technologies, Inc. (NYSE:ROP) Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $2,590,170. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Roper Technologies, Inc. (NYSE ROP) traded up 0.60% during trading on Friday, reaching $237.83. 409,087 shares of the company’s stock traded hands. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $238.49. The company’s 50 day moving average is $232.51 and its 200-day moving average is $223.77. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 35.61 and a beta of 1.05.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. Roper Technologies’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 earnings per share. On average, analysts anticipate that Roper Technologies, Inc. will post $9.28 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Roper Technologies, Inc. (ROP) Director Sells 1,000 Shares of Stock” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/15/insider-selling-roper-technologies-inc-rop-director-sells-1000-shares-of-stock.html.

A number of research firms recently commented on ROP. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 price target on the stock in a research report on Tuesday, July 4th. Raymond James Financial, Inc. raised their price target on shares of Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. Finally, BidaskClub lowered shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $238.42.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Roper Technologies by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares during the last quarter. BlackRock Inc. increased its position in shares of Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after purchasing an additional 7,689,856 shares during the last quarter. State Street Corp increased its position in shares of Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock worth $955,175,000 after purchasing an additional 203,844 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Roper Technologies by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Roper Technologies by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after purchasing an additional 291,418 shares during the last quarter. Institutional investors own 94.35% of the company’s stock.

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.