Insider Selling: Roper Technologies, Inc. (NYSE:ROP) CFO Sells 3,000 Shares of Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roper Technologies Stock Performance

ROP stock traded up $1.39 during midday trading on Monday, reaching $577.04. 880,073 shares of the company’s stock traded hands, compared to its average volume of 700,415. 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 market cap of $61.88 billion, a P/E ratio of 40.24, a PEG ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.31. The stock’s 50-day moving average is $535.93 and its 200 day moving average is $544.64.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.825 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s payout ratio is presently 23.01%.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Roper Technologies in the 4th quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates increased its position in shares of Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 33 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ROP. JPMorgan Chase & Co. lifted their price target on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $622.30.

About Roper Technologies

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.