Roper Technologies (NYSE:ROP) Reaches New 12-Month High at $567.55

Roper Technologies, Inc. (NYSE:ROP) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $567.55 and last traded at $566.63, with a volume of 59021 shares traded. The stock had previously closed at $561.49.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROP. Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Royal Bank of Canada cut their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Barclays raised their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Mizuho raised their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

Roper Technologies Stock Up 0.1 %

The company has a market cap of $60.26 billion, a price-to-earnings ratio of 40.86, a P/E/G ratio of 2.95 and a beta of 1.01. 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 business has a fifty day moving average price of $538.17 and a two-hundred day moving average price of $542.20.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. On average, equities analysts predict that Roper Technologies, Inc. will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders 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 dividend yield of 0.53%. Roper Technologies’s dividend payout ratio is 21.77%.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of the business’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 value of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value 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 disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. HM Payson & Co. lifted its holdings in shares of Roper Technologies by 7.6% during the first quarter. HM Payson & Co. now owns 2,590 shares of the industrial products company’s stock worth $1,453,000 after buying an additional 182 shares during the last quarter. NBW Capital LLC lifted its holdings 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 worth $8,325,000 after buying an additional 643 shares during the last quarter. American Trust acquired a new position in shares of Roper Technologies during the first quarter worth approximately $2,887,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Roper Technologies by 29.6% during the first quarter. EverSource Wealth Advisors LLC now owns 477 shares of the industrial products company’s stock worth $244,000 after buying an additional 109 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Roper Technologies by 14.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 181,049 shares of the industrial products company’s stock worth $100,249,000 after buying an additional 22,859 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

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.