Roper Technologies, Inc. (NYSE:ROP) Sees Significant Increase in Short Interest

Roper Technologies, Inc. (NYSE:ROPGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,420,000 shares, a growth of 31.5% from the April 15th total of 1,080,000 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 547,000 shares, the days-to-cover ratio is currently 2.6 days.

Shares of ROP traded down $16.14 during trading hours on Wednesday, reaching $416.62. 8,026 shares of the company’s stock traded hands, compared to its average volume of 784,791. The stock has a market cap of $44.12 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 2.62 and a beta of 1.01. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $459.62 and its 200-day simple moving average is $461.78. Roper Technologies has a 12 month low of $417.54 and a 12 month high of $505.00.

Roper Technologies (NYSE:ROPGet Rating) last released its earnings results on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.08. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. Roper Technologies had a return on equity of 13.36% and a net margin of 47.36%. Roper Technologies’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. As a group, analysts expect that Roper Technologies will post 15.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Tuesday, April 5th were given a $0.62 dividend. The ex-dividend date was Monday, April 4th. This represents a $2.48 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s payout ratio is 9.17%.

In other Roper Technologies news, Director Robert D. Johnson sold 250 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $449.21, for a total value of $112,302.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Roper Technologies in the 4th quarter worth approximately $438,274,000. American Century Companies Inc. increased its stake in Roper Technologies by 2,447.1% in the 4th quarter. American Century Companies Inc. now owns 727,624 shares of the industrial products company’s stock worth $357,889,000 after purchasing an additional 699,057 shares during the period. Durable Capital Partners LP increased its stake in Roper Technologies by 51.3% in the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock worth $659,009,000 after purchasing an additional 473,168 shares during the period. Flossbach Von Storch AG increased its stake in Roper Technologies by 21.3% in the 1st quarter. Flossbach Von Storch AG now owns 1,397,519 shares of the industrial products company’s stock worth $659,950,000 after purchasing an additional 245,342 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Roper Technologies by 2,678.7% in the 3rd quarter. Renaissance Technologies LLC now owns 169,500 shares of the industrial products company’s stock worth $75,619,000 after purchasing an additional 163,400 shares during the period. Institutional investors own 92.68% of the company’s stock.

Separately, StockNews.com downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $509.72.

About Roper Technologies (Get Rating)

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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