A Director at Roper Technologies (NYSE: ROP) is Buying Shares

By Carrie Williams

Today, a Director at Roper Technologies (NYSE: ROP), Richard Wallman, bought shares of ROP for $141.3K.

This is Wallman’s first transaction since reporting a Buy transaction on WMGI back in November 2017 In addition to Richard Wallman, 3 other ROP executives reported Buy trades in the last month.

Based on Roper Technologies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.23 billion and quarterly net profit of $444 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $182 million. The company has a one-year high of $290.42 and a one-year low of $203.50. ROP’s market cap is $28.99B and the company has a P/E ratio of 30.15.

11 different firms, including Barclays and Cowen & Co., currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $305.75, reflecting a -7.9% downside.

In the last 30 days, insiders have sold $845.6K worth of ROP shares and purchased $141.3K worth of ROP shares. The insider sentiment on Roper Technologies has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Roper Technologies, Inc. engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Medical and Scientific Imaging, RF Technology, Industrial Technology and Energy Systems and Controls.