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

Roper Technologies, Inc. (NYSE:ROPGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $574.25.

ROP has been the subject of several analyst reports. Royal Bank of Canada upped their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a research note on Thursday, January 4th. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Finally, Barclays lifted their price target on shares of Roper Technologies from $580.00 to $596.00 and gave the company an “overweight” rating in a report on Monday, February 5th.

Read Our Latest Research Report on ROP

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Roper Technologies in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Roper Technologies in the 3rd quarter worth about $27,000. Compass Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $30,000. Fortis Capital Advisors LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth about $30,000. Finally, Independence Bank of Kentucky bought a new stake in shares of Roper Technologies in the 4th quarter worth about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Roper Technologies stock opened at $560.84 on Monday. Roper Technologies has a 52-week low of $430.03 and a 52-week high of $563.15. The firm has a fifty day moving average of $549.06 and a 200-day moving average of $527.35. The firm has a market capitalization of $60.02 billion, a P/E ratio of 43.51, a PEG ratio of 2.96 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROPGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business earned $3.92 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts predict that Roper Technologies will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio is currently 23.27%.

About Roper Technologies

(Get Free Report

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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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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