Roper Technologies, Inc. (NYSE:ROP) Given Average Recommendation of “Moderate Buy” by Brokerages

Roper Technologies, Inc. (NYSE:ROP) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, seven 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 issued ratings on the stock in the last year is $619.50.

A number of equities research analysts have recently issued reports on ROP shares. Oppenheimer cut their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group increased their price objective 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. Truist Financial restated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research note on Tuesday, August 27th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $617.00 to $635.00 in a research note on Thursday, July 25th.

Roper Technologies Trading Up 0.5 %

ROP stock opened at $563.74 on Friday. The company has a market cap of $60.43 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 2.90 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $549.29 and a 200-day simple moving average of $545.25. Roper Technologies has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities research analysts expect that Roper Technologies will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s payout ratio is presently 22.22%.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Institutional investors have recently made changes to their positions in the business. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter valued at about $25,000. Rise Advisors LLC bought a new position in shares of Roper Technologies in the 1st quarter valued at $27,000. Fairscale Capital LLC bought a new position in Roper Technologies in the 2nd quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Roper Technologies in the 1st quarter valued at approximately $29,000. Institutional investors own 93.31% of the company’s stock.

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.