Traders Buy Roper Technologies, Inc. (ROP) on Weakness
Investors purchased shares of Roper Technologies, Inc. (NYSE:ROP) on weakness during trading hours on Wednesday. $36.23 million flowed into the stock on the tick-up and $14.87 million flowed out of the stock on the tick-down, for a money net flow of $21.36 million into the stock. Of all companies tracked, Roper Technologies had the 25th highest net in-flow for the day. Roper Technologies traded down ($1.21) for the day and closed at $255.39
ROP has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research report on Monday, October 2nd. Robert W. Baird boosted their target price on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. BidaskClub downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company reissued a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada boosted their target price on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $253.67.
The firm has a market cap of $26,142.28, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94.
Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.30 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 EPS. equities analysts predict that Roper Technologies, Inc. will post 9.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a $0.35 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s payout ratio is 20.32%.
In other Roper Technologies news, VP Jason Conley sold 5,000 shares of Roper Technologies stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total value of $1,225,000.00. Following the transaction, the vice president now directly owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the transaction, the director now directly owns 64,450 shares in the company, valued at $16,669,348. The disclosure for this sale can be found here. Insiders sold a total of 10,750 shares of company stock valued at $2,681,690 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hahn Capital Management LLC increased its stake in shares of Roper Technologies by 1.0% during the third quarter. Hahn Capital Management LLC now owns 82,086 shares of the industrial products company’s stock valued at $19,980,000 after buying an additional 775 shares during the period. IFM Investors Pty Ltd bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $698,000. Sterling Capital Management LLC boosted its position in shares of Roper Technologies by 10.2% during the third quarter. Sterling Capital Management LLC now owns 32,777 shares of the industrial products company’s stock valued at $7,978,000 after purchasing an additional 3,025 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Roper Technologies by 5.1% during the third quarter. California Public Employees Retirement System now owns 247,287 shares of the industrial products company’s stock valued at $60,190,000 after purchasing an additional 12,087 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Roper Technologies by 234.4% during the third quarter. Cubist Systematic Strategies LLC now owns 3,568 shares of the industrial products company’s stock valued at $868,000 after purchasing an additional 2,501 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.
Roper Technologies Company Profile
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