Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Target Price at $615.20

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $615.20.

ROP has been the topic of a number of recent research reports. Barclays restated an “underweight” rating and issued a $569.00 target price (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th.

Roper Technologies Stock Down 0.5 %

ROP opened at $548.42 on Friday. The business has a 50 day moving average price of $554.14 and a two-hundred day moving average price of $551.56. Roper Technologies has a 52 week low of $508.22 and a 52 week high of $580.09. The company has a market cap of $58.81 billion, a PE ratio of 40.12, a P/E/G ratio of 2.88 and a beta of 1.02. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.32 EPS. As a group, research analysts anticipate that Roper Technologies will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 21.95%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in Roper Technologies by 6.1% during the 2nd quarter. CWM LLC now owns 3,021 shares of the industrial products company’s stock worth $1,703,000 after acquiring an additional 173 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Roper Technologies by 13.4% during the second quarter. OLD National Bancorp IN now owns 440 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 52 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Roper Technologies by 16.1% in the 2nd quarter. Capital Investment Advisors LLC now owns 2,501 shares of the industrial products company’s stock valued at $1,410,000 after buying an additional 347 shares during the period. MJP Associates Inc. ADV grew its holdings in shares of Roper Technologies by 4.9% in the 2nd quarter. MJP Associates Inc. ADV now owns 490 shares of the industrial products company’s stock valued at $276,000 after buying an additional 23 shares during the period. Finally, Czech National Bank increased its position in shares of Roper Technologies by 8.5% in the 2nd quarter. Czech National Bank now owns 20,398 shares of the industrial products company’s stock valued at $11,498,000 after buying an additional 1,603 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

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.