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Saturday, June 3, 2023

Momentum Is Strong For Roper Technologies Inc. (NYSE: ROP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Roper Technologies Inc. (ROP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $449.44. The Roper Technologies Inc. has recorded 46,345 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Roper Technologies to present at Jefferies Software Conference.

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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $449.44 and fluctuated between $451.35 as its day high and $441.06 as its day low. The current market capitalization of Roper Technologies Inc. is $47.99B. A total of 0.5 million shares were traded on the day, compared to an average of 541.55K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ROP has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 50,233 and the disposition of 1,598 shares. Over the last 12 months, there were 20 BUYs and 31 SELLs from insiders. Insiders purchased 97,505 shares during that period but sold 162,042.

In the most recent transaction, JOHNSON ROBERT D sold 250 shares of ROP for 436.00 per share on Mar 30. After the transaction, the Director now owns 6,153 company shares. In a previous transaction on Mar 07, WRIGHT CHRISTOPHER sold 471 shares at 429.55 per share. ROP shares that Director owns now total 38,127.

Among the insiders who bought shares, WALLMAN RICHARD F acquired of 1,000 shares on Feb 14 at a per-share price of $424.95. This resulted in the Director holding 1,000 shares of ROP after the transaction. In another insider transaction, HUNN LAURENCE NEIL sold 5,000 shares at $443.57 per share on Jan 10. Company shares held by the President and CEO now total 112,048.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Roper Technologies Inc. pays an annual dividend of $2.73, resulting in a dividend yield of 0.61%, and it has a price to earnings (P/E) ratio of 46.47. ROP’s most recent ex-dividend date was 4/5/2023 when it declared a $0.6830 quarterly dividend that was paid in cash on 4/21/2023. Previously, the company paid the dividend on 1/23/2023 with an ex-dividend date of 1/6/2023. The ROP stock dividend was $0.6825 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ROP in the last 3 months, the mean price target is $515.00 with high estimates of $591.00 and low estimates of $435.00. In terms of 52-week highs and lows, ROP has a high of $463.90 and a low of $356.21.

As of this writing, ROP has an earnings estimate of $3.99 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $4.03 per share and a lower estimate of $3.97. The company reported an EPS of $3.92 in the last quarter, which was 4.00% higher than expectations of $3.77.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ROP’s latest balance sheet shows that the firm has $351.50M in Cash & Short Term Investments as of fiscal 2021. There were $7.92B in debt and $3.12B in liabilities at the time. Its Book Value Per Share was $153.65, while its Total Shareholder’s Equity was $11.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROP is Buy with a score of 4.31.

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