Roper Technologies (NYSE:ROP) Sees Large Volume Increase - Here's Why

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) saw unusually-high trading volume on Friday . 351,147 shares were traded during mid-day trading, a decline of 30% from the previous session's volume of 499,769 shares.The stock last traded at $521.74 and had previously closed at $521.75.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research reports. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Barclays reaffirmed an "underweight" rating and set a $569.00 price objective (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Finally, Truist Financial reissued a "buy" rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $615.20.

Roper Technologies Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a market cap of $56.34 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.84 and a beta of 1.02. The company has a 50 day moving average price of $553.33 and a 200 day moving average price of $551.58.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter last year, the company posted $4.32 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio is presently 24.14%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter worth about $28,000. Valley Wealth Managers Inc. purchased a new position in shares of Roper Technologies in the 2nd quarter valued at about $31,000. Global Wealth Strategies & Associates acquired a new stake in shares of Roper Technologies during the 3rd quarter worth about $37,000. Finally, Kimelman & Baird LLC purchased a new stake in Roper Technologies during the second quarter worth approximately $42,000. Hedge funds and other institutional investors 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.