Roper Technologies (NASDAQ:ROP) CAO Sells $978,600.00 in Stock

Roper Technologies, Inc. (NASDAQ:ROP) CAO Brandon Cross sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $489.30, for a total transaction of $978,600.00. Following the transaction, the chief accounting officer directly owned 2,271 shares of the company’s stock, valued at approximately $1,111,200.30. This trade represents a 46.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Roper Technologies Trading Down 2.9%

NASDAQ ROP opened at $476.60 on Friday. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $507.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The company has a market capitalization of $47.20 billion, a PE ratio of 18.81, a P/E/G ratio of 2.37 and a beta of 0.67. The company has a fifty day moving average of $399.06 and a 200 day moving average of $367.19.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.10. The company had revenue of $2.17 billion for the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. Roper Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.14 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Monday, January 4th will be given a dividend of $1.00 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, January 4th. Roper Technologies’s dividend payout ratio (DPR) is 14.36%.

Trending Headlines about Roper Technologies

Here are the key news stories impacting Roper Technologies this week:

• Positive Sentiment: Roper raised its quarterly dividend about 10%, from $0.91 to $1.00 per share, extending its streak of annual increases to 34 years. The increase signals continued commitment to shareholder returns and confidence in the business. Roper Technologies Rewards Shareholders With 10% Dividend Hike
• Negative Sentiment: CEO Laurence Hunn sold 40,000 shares for $19.7 million, reducing his direct holdings by 47.36%. Separately, Chief Accounting Officer Brandon Cross sold 2,000 shares, cutting his position by 46.83%. The sales may raise investor concern, though insider transactions alone do not establish a negative outlook. CEO SEC filing CAO SEC filing
• Negative Sentiment: A recent commentary says ROP looks fully valued as investors focus on cash flow, suggesting limited room for further gains if cash generation does not support expectations. Roper Technologies Stock Looks Fully Valued As Cash Flow Comes Into Focus

Institutional Investors Weigh In On Roper Technologies

Institutional investors have recently bought and sold shares of the company. Ascent Group LLC purchased a new stake in Roper Technologies during the 3rd quarter worth approximately $1,903,000. Caldwell Trust Co purchased a new position in shares of Roper Technologies in the third quarter valued at approximately $218,000. Rakuten Investment Management Inc. purchased a new position in shares of Roper Technologies in the third quarter valued at approximately $9,247,000. Third View Private Wealth LLC acquired a new stake in shares of Roper Technologies in the third quarter worth approximately $256,000. Finally, Provenance Wealth Advisors LLC acquired a new stake in shares of Roper Technologies in the third quarter worth approximately $63,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROP has been the topic of several recent research reports. Weiss Ratings upgraded Roper Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. raised shares of Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $415.00 to $490.00 in a report on Monday, October 26th. Piper Sandler decreased their target price on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group lowered their price target on shares of Roper Technologies from $414.00 to $410.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Finally, Robert W. Baird set a $480.00 price target on shares of Roper Technologies and gave the company an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $469.41.

About Roper Technologies

Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy.

The company’s portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.

Roper traces its history to 1981, when it was established as Roper Industries; it adopted the name Roper Technologies in 2015 as its business increasingly focused on software and technology.