Insider Selling: Roper Technologies, Inc. (NYSE:ROP) VP Sells 1,000 Shares of Stock

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

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $1.39 during trading on Monday, reaching $577.04. The company’s stock had a trading volume of 880,073 shares, compared to its average volume of 700,415. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.31. The stock has a 50-day moving average price of $535.93 and a two-hundred day moving average price of $544.64. 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 capitalization 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.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid 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 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, January 3rd. Roper Technologies’s dividend payout ratio is 23.01%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $45,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter valued at $49,000. Finally, Global Wealth Strategies & Associates boosted its position in shares of Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday. Oppenheimer boosted their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday. Mizuho raised their price objective on shares of 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 raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently 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.