Shares of Roper Technologies, Inc. (NYSE:ROP – Get Free Report) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $616.00.
Several equities research analysts have recently weighed in on ROP shares. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Barclays upped their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th.
View Our Latest Stock Analysis on Roper Technologies
Insiders Place Their Bets
Hedge Funds Weigh In On Roper Technologies
Hedge funds have recently made changes to their positions in the business. New Covenant Trust Company N.A. acquired a new position in Roper Technologies during the first quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in shares of Roper Technologies in the first quarter valued at $27,000. Fairscale Capital LLC acquired a new position in Roper Technologies during the second quarter worth $28,000. OFI Invest Asset Management bought a new stake in Roper Technologies during the first quarter worth $29,000. Finally, Versant Capital Management Inc lifted its stake in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors.
Roper Technologies Stock Performance
Shares of ROP stock opened at $554.41 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market cap of $59.35 billion, a P/E ratio of 40.23, a PEG ratio of 2.88 and a beta of 1.02. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The stock’s 50-day moving average is $549.69 and its two-hundred day moving average is $544.58.
Roper Technologies (NYSE:ROP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Analysts predict that Roper Technologies will post 18.16 earnings per share for the current fiscal year.
Roper Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 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.
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