Roper Technologies, Inc. (NYSE:ROP) VP Sells $578,040.00 in Stock

Roper Technologies, Inc. (NYSE:ROP) VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Roper Technologies Stock Performance

Roper Technologies stock opened at $577.04 on Tuesday. The stock has a market cap of $61.88 billion, a P/E ratio of 40.24, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $535.93 and a 200-day moving average of $544.64. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.31.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 23.01%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ROP shares. Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday. Truist Financial reiterated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Raymond James restated a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Institutional Investors Weigh In On Roper Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Ledyard National Bank lifted its stake in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 18 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC lifted its stake in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares in the last quarter. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after acquiring an additional 20 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its stake in Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Company Profile

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.