Insider Selling: Roper Technologies (NASDAQ:ROP) EVP Sells $5,226,360.00 in Stock

Roper Technologies, Inc. (NASDAQ:ROP) EVP Jason Conley sold 12,000 shares of Roper Technologies stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the sale, the executive vice president owned 28,457 shares of the company’s stock, valued at approximately $12,393,877.21. This represents a 29.66% 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 Stock Down 1.6%

NASDAQ:ROP traded down $7.17 during mid-day trading on Tuesday, reaching $434.48. The stock had a trading volume of 1,169,557 shares, compared to its average volume of 1,197,889. The business’s 50 day moving average is $387.70 and its 200 day moving average is $365.26. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $464.98. The stock has a market cap of $42.97 billion, a P/E ratio of 17.15, a PEG ratio of 2.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping the consensus estimate of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The company had revenue of $2.17 billion during the quarter. During the same period in the prior year, the firm earned $5.14 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 22.39 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies’s dividend payout ratio is 14.36%.

Key Stories Impacting Roper Technologies

Here are the key news stories impacting Roper Technologies this week:

• Positive Sentiment: JPMorgan upgraded Roper from “underweight” to “neutral” and raised its price target to $490 from $415, indicating improved confidence in the stock’s risk-reward profile. JPMorgan upgrade article
• Positive Sentiment: Goldman Sachs also increased its price target to $468 from $410, adding further support from the analyst community. Goldman Sachs price target article
• Positive Sentiment: Third-quarter fundamentals remained healthy: organic revenue grew 7%, enterprise software gross retention stayed in the mid-90% range, and the company previously reported earnings above consensus estimates with revenue growth of 7.7% year over year. Roper Technologies earnings takeaways
• Neutral Sentiment: Recent coverage highlights renewed investor attention and questions whether the earnings beat has materially changed Roper’s investment narrative, suggesting investors are reassessing its growth outlook and valuation. Roper Technologies investor attention article
• Negative Sentiment: Executive Vice President Jason Conley sold 12,000 shares for approximately $5.2 million, reducing his direct ownership by about 29.7%. The transaction may weigh on sentiment because it signals insider selling near recent highs, although it does not necessarily indicate a change in the company’s outlook. SEC insider transaction filing

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Roper Technologies in the 2nd quarter valued at $3,346,912,000. Wellington Management Group LLP bought a new stake in shares of Roper Technologies in the second quarter valued at about $890,328,000. Corient Private Wealth LP acquired a new stake in Roper Technologies during the second quarter worth about $80,953,000. Flossbach Von Storch SE acquired a new stake in Roper Technologies during the second quarter worth about $448,321,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Roper Technologies by 206.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock valued at $474,070,000 after acquiring an additional 903,223 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ROP shares. Royal Bank Of Canada raised their price objective on Roper Technologies from $417.00 to $450.00 and gave the company a “sector perform” rating in a research note on Friday. Mizuho set a $355.00 price target on Roper Technologies in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised shares of Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $415.00 to $490.00 in a research report on Monday. Raymond James Financial downgraded shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group dropped their target price on shares of Roper Technologies from $414.00 to $410.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.