Roper Technologies (NASDAQ:ROP) CEO Sells $19,700,000.00 in Stock

Roper Technologies, Inc. (NASDAQ:ROP) CEO Laurence Hunn sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $492.50, for a total transaction of $19,700,000.00. Following the sale, the chief executive officer owned 44,457 shares of the company’s stock, valued at $21,895,072.50. The trade was a 47.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Roper Technologies Stock Performance

Roper Technologies stock opened at $476.60 on Monday. The firm has a market cap of $47.20 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 2.37 and a beta of 0.67. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $507.24. The firm’s 50 day moving average price is $399.06 and its two-hundred day moving average price is $367.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data 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 business had revenue of $2.17 billion during the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.14 earnings per share. On average, research analysts predict that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal 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 $1.00 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, January 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio is 14.36%.

Analyst Ratings Changes

Several research analysts have commented on ROP shares. The Goldman Sachs Group decreased their target price on shares of Roper Technologies from $414.00 to $410.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Weiss Ratings upgraded shares of Roper Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 20th. Piper Sandler decreased their price objective 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. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $415.00 to $490.00 in a research report on Monday, October 26th. Finally, Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $417.00 to $450.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Roper Technologies has an average rating of “Hold” and an average target price of $469.41.

Hedge Funds Weigh In On Roper Technologies

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Roper Technologies in the second quarter valued at approximately $3,346,912,000. Wellington Management Group LLP acquired a new stake in shares of Roper Technologies in the second quarter worth $890,328,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Roper Technologies by 206.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after buying an additional 903,223 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Roper Technologies by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company’s stock valued at $462,667,000 after buying an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE bought a new position in Roper Technologies in the 2nd quarter worth $448,321,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

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

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.