Roper Technologies (NYSE:ROP) Shares Gap Down to $574.27

Roper Technologies, Inc. (NYSE:ROP) shares gapped down prior to trading on Wednesday . The stock had previously closed at $574.27, but opened at $546.00. Roper Technologies shares last traded at $522.79, with a volume of 146,484 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ROP shares. Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $597.78.

Roper Technologies Stock Down 7.4 %

The business has a 50-day moving average price of $553.53 and a two-hundred day moving average price of $545.42. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The firm has a market cap of $56.94 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 3.02 and a beta of 1.02.

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

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ROP. My Legacy Advisors LLC acquired a new position in Roper Technologies in the second quarter valued at $831,000. Arcus Capital Partners LLC acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at about $836,000. &PARTNERS purchased a new position in Roper Technologies during the 2nd quarter worth approximately $603,000. 1620 Investment Advisors Inc. acquired a new position in Roper Technologies during the second quarter worth approximately $184,000. Finally, Heritage Financial Services LLC purchased a new stake in Roper Technologies in the second quarter valued at approximately $200,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

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.