Roper Technologies (NYSE:ROP) Shares Gap Down to $574.27

Roper Technologies, Inc. (NYSE:ROP)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $574.27, but opened at $546.00. Roper Technologies shares last traded at $522.79, with a volume of 146,484 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROP. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Mizuho raised their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Oppenheimer reissued an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Finally, Barclays lifted their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $597.78.

Roper Technologies Stock Down 7.4 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The stock’s 50 day simple moving average is $553.53 and its 200 day simple moving average is $545.42. The firm has a market cap of $56.94 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 3.02 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $3.90 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Research analysts anticipate that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 21.77%.

Insider Activity

In related news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Roper Technologies in the 1st quarter worth $25,000. Rise Advisors LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $27,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the 1st quarter valued at about $29,000. Versant Capital Management Inc raised its position in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Finally, Independence Bank of Kentucky purchased a new stake in Roper Technologies in the 4th quarter worth approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Company Profile

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.