Roper Technologies, Inc. (NYSE:ROP) Receives $584.82 Average Target Price from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $584.82.

Several research firms recently weighed in on ROP. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Mizuho lifted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Barclays lifted their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd.

Insider Buying and Selling

In other news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Trading of Roper Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. NBW Capital LLC increased its stake in shares of Roper Technologies by 4.5% during the first quarter. NBW Capital LLC now owns 14,844 shares of the industrial products company’s stock valued at $8,325,000 after buying an additional 643 shares during the period. American Trust acquired a new position in Roper Technologies in the first quarter valued at approximately $2,887,000. EverSource Wealth Advisors LLC lifted its holdings in Roper Technologies by 29.6% in the first quarter. EverSource Wealth Advisors LLC now owns 477 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 109 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Roper Technologies by 14.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 181,049 shares of the industrial products company’s stock valued at $100,249,000 after acquiring an additional 22,859 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in Roper Technologies by 4.7% in the first quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company’s stock valued at $3,142,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $553.59 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $59.26 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 2.88 and a beta of 1.01. The firm’s 50 day simple moving average is $535.05 and its 200 day simple moving average is $541.17. Roper Technologies has a 1 year low of $453.17 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.90 EPS. As a group, research analysts expect that Roper Technologies will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a $0.75 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Roper Technologies Company Profile

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.