Independent Director Richard Wallman Just Bought 2.2% More Shares In Roper Technologies, Inc. (NYSE:ROP) – Simply Wall St
Potential Roper Technologies, Inc. (NYSE:ROP) shareholders may wish to note that the Independent Director, Richard Wallman, recently bought US$390k worth of stock, paying US$390 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.2%.
Our analysis indicates that ROP is potentially overvalued!
Notably, that recent purchase by Independent Director Richard Wallman was not the only time they traded Roper Technologies shares this year. Earlier in the year, they sold shares at a price ofUS$476 per share in a -US$1.8m transaction. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$416. So it may not shed much light on insider confidence at current levels.
Richard Wallman ditched 4.75k shares over the year. The average price per share was US$475. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Roper Technologies insiders own about US$204m worth of shares (which is 0.5% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The recent buying by an insider , along with high insider ownership, suggest that Roper Technologies insiders are fairly aligned, and optimistic. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Roper Technologies.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Find out whether Roper Technologies is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Roper Technologies, Inc. designs and develops software, and engineered products and solutions.
The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.
Read more about these checks in the individual report sections or in our analysis model.
Proven track record with adequate balance sheet.
Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.
Roper Technologies, Inc. designs and develops software, and engineered products and solutions.
The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.
Read more about these checks in the individual report sections or in our analysis model.
Proven track record with adequate balance sheet.
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