Roper Technologies, Inc. (NYSE:ROP) VP John K. Stipancich Sells 1,000 Shares

Roper Technologies, Inc. (NYSE:ROP) VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Roper Technologies Price Performance

Roper Technologies stock opened at $577.04 on Tuesday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $584.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business has a fifty day moving average of $535.93 and a two-hundred day moving average of $544.64. The company has a market cap 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 firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Wall Street Analyst Weigh In

Several brokerages have commented on ROP. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday. Truist Financial reissued a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday. Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital City Trust Co. FL increased its position in shares of Roper Technologies by 0.5% in the fourth quarter. Capital City Trust Co. FL now owns 9,871 shares of the industrial products company’s stock valued at $5,131,000 after buying an additional 46 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Roper Technologies by 1.0% during the 4th quarter. Sigma Planning Corp now owns 2,048 shares of the industrial products company’s stock worth $1,065,000 after buying an additional 21 shares during the last quarter. Redmond Asset Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $504,000. VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $64,000. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Roper Technologies by 7.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,497 shares of the industrial products company’s stock worth $778,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.