Roper Technologies Inc (NYSE:ROP) CEO Brian D. Jellison sold 74,589 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the transaction, the chief executive officer now owns 1,459,892 shares of the company’s stock, valued at approximately $404,419,281.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Roper Technologies Inc (ROP) traded down $0.73 during midday trading on Friday, hitting $275.69. 645,311 shares of the stock traded hands, compared to its average volume of 354,062. The firm has a market capitalization of $28,320.00, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. Roper Technologies Inc has a 12 month low of $185.11 and a 12 month high of $277.41.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $1.65 earnings per share. research analysts expect that Roper Technologies Inc will post 9.31 earnings per share for the current year.
A number of research analysts have commented on the stock. Wells Fargo & Co set a $310.00 price target on shares of Roper Technologies and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Robert W. Baird raised their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Finally, Royal Bank of Canada raised their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $260.75.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 152 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 350 shares in the last quarter. Zions Bancorporation increased its holdings in shares of Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 657 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 736 shares in the last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Roper Technologies in the second quarter valued at approximately $190,000. 93.55% of the stock is owned by institutional investors and hedge funds.
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Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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