Roper Technologies Inc (NYSE:ROP) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 1,618,300 shares, a drop of 6.7% from the May 30th total of 1,734,300 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 429,600 shares, the days-to-cover ratio is currently 3.8 days.
Shares of Roper Technologies stock traded up $4.07 during midday trading on Friday, reaching $384.45. The company had a trading volume of 298,052 shares, compared to its average volume of 521,483. The stock’s fifty day moving average is $363.21. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $39.92 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.70 and a beta of 1.16. Roper Technologies has a fifty-two week low of $245.59 and a fifty-two week high of $384.49.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.52. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Roper Technologies had a return on equity of 17.00% and a net margin of 20.90%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 earnings per share. Research analysts forecast that Roper Technologies will post 12.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Monday, July 8th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a yield of 0.48%. Roper Technologies’s payout ratio is currently 15.66%.
In other news, insider Laurence Neil Hunn sold 47,000 shares of Roper Technologies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the sale, the insider now directly owns 218,866 shares of the company’s stock, valued at $77,644,902.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of Roper Technologies stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the sale, the director now directly owns 12,918 shares in the company, valued at $4,694,917.92. The disclosure for this sale can be found here. Insiders have sold 49,750 shares of company stock worth $17,659,170 over the last three months. Insiders own 1.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of ROP. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Roper Technologies during the fourth quarter worth approximately $1,559,000. United Services Automobile Association raised its stake in Roper Technologies by 0.4% during the fourth quarter. United Services Automobile Association now owns 33,261 shares of the industrial products company’s stock worth $8,865,000 after purchasing an additional 138 shares during the period. Dimensional Fund Advisors LP raised its stake in Roper Technologies by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 277,955 shares of the industrial products company’s stock worth $74,078,000 after purchasing an additional 10,901 shares during the period. Neuburgh Advisers LLC raised its stake in Roper Technologies by 18.4% during the fourth quarter. Neuburgh Advisers LLC now owns 1,952 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 304 shares during the period. Finally, Geode Capital Management LLC raised its stake in Roper Technologies by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock worth $358,725,000 after purchasing an additional 103,001 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.
A number of research firms recently commented on ROP. Barclays lifted their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Oppenheimer lifted their price objective on Valeritas from $1.25 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Argus lifted their price objective on Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Zacks Investment Research lowered Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Stephens reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Roper Technologies has an average rating of “Buy” and an average target price of $357.30.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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