Roper Technologies, Inc. (ROP) Director Laura G. Thatcher Sells 1,000 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP) Director Laura G. Thatcher sold 1,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $2,590,170. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Roper Technologies, Inc. (NYSE:ROP) traded up 0.60% during mid-day trading on Friday, hitting $237.83. The stock had a trading volume of 409,087 shares. The firm has a market cap of $24.31 billion, a PE ratio of 35.61 and a beta of 1.05. The firm has a 50 day moving average price of $232.67 and a 200 day moving average price of $223.96. Roper Technologies, Inc. has a 52-week low of $167.50 and a 52-week high of $238.49.

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

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

A number of hedge funds have recently modified their holdings of ROP. Chicago Equity Partners LLC acquired a new position in Roper Technologies in the 1st quarter valued at about $250,000. UBS Asset Management Americas Inc. increased its position in Roper Technologies by 11.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 254,437 shares of the industrial products company’s stock valued at $52,539,000 after acquiring an additional 26,292 shares during the period. Gamco Investors INC. ET AL increased its position in Roper Technologies by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 57,490 shares of the industrial products company’s stock valued at $11,871,000 after acquiring an additional 389 shares during the period. Gabelli Funds LLC increased its position in Roper Technologies by 11.0% in the 1st quarter. Gabelli Funds LLC now owns 45,950 shares of the industrial products company’s stock valued at $9,488,000 after acquiring an additional 4,550 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in Roper Technologies by 7.9% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,706 shares of the industrial products company’s stock valued at $765,000 after acquiring an additional 272 shares during the period. Hedge funds and other institutional investors own 94.35% of the company’s stock.

About Roper Technologies

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

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