Insider Selling: Roper Technologies, Inc. (NYSE:ROP) CFO Sells $1,970,570.00 in Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Roper Technologies Stock Performance

Shares of ROP opened at $557.54 on Thursday. The company’s 50 day moving average price is $538.17 and its 200 day moving average price is $542.20. Roper Technologies, Inc. has a 52 week low of $464.82 and a 52 week high of $568.68. The company has a market capitalization of $59.68 billion, a PE ratio of 40.46, a PEG ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $3.90 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Monday, July 8th. Roper Technologies’s payout ratio is presently 21.77%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Mizuho boosted their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Barclays boosted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $584.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after acquiring an additional 125,387 shares in the last quarter. Principal Financial Group Inc. grew its position in Roper Technologies by 2.5% in the first quarter. Principal Financial Group Inc. now owns 2,581,710 shares of the industrial products company’s stock worth $1,447,927,000 after acquiring an additional 61,756 shares in the last quarter. Norges Bank bought a new stake in Roper Technologies in the fourth quarter worth approximately $756,176,000. Bank of New York Mellon Corp grew its position in Roper Technologies by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock worth $737,489,000 after acquiring an additional 68,957 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after acquiring an additional 280,873 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.