Insider Selling: Roper Technologies, Inc. (ROP) Director Sells $235,470.00 in Stock

Roper Technologies, Inc. (NYSE:ROP) Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at approximately $2,590,170. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 237.83 on Monday. The company has a market cap of $24.31 billion, a price-to-earnings ratio of 35.61 and a beta of 1.05. The stock’s 50 day moving average is $232.67 and its 200-day moving average is $223.96. Roper Technologies, Inc. has a 52 week low of $167.50 and a 52 week high of $238.49.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. On average, equities analysts anticipate that Roper Technologies, Inc. will post $9.28 earnings per share for the current year.

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A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. raised their price target on shares of Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Canaccord Genuity reissued a “hold” rating and issued a $225.00 price target on shares of Roper Technologies in a report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $242.00 price target on shares of Roper Technologies in a report on Friday, July 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and an average price target of $238.42.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Roper Technologies by 3.4% in the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after purchasing an additional 7,689,856 shares during the last quarter. State Street Corp grew its holdings in shares of Roper Technologies by 4.6% in the first quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock worth $955,175,000 after purchasing an additional 203,844 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Roper Technologies by 3.0% in the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Roper Technologies by 25.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after purchasing an additional 291,418 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Roper Technologies Company Profile

Insider Buying and Selling by Quarter for Roper Technologies (NYSE:ROP)

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