Royal Bank of Canada Trims Roper Technologies (NYSE:ROP) Target Price to $680.00

Roper Technologies (NYSE:ROP) had its price objective lowered by Royal Bank of Canada from $696.00 to $680.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an overweight rating in a report on Monday, January 22nd. Oppenheimer upped their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a report on Friday, March 22nd. 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 report on Thursday, January 4th. Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Finally, Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $579.83.

Roper Technologies Stock Up 0.6 %

Shares of NYSE ROP opened at $514.76 on Monday. The firm has a market cap of $55.10 billion, a PE ratio of 37.36, a P/E/G ratio of 2.69 and a beta of 0.99. Roper Technologies has a 12-month low of $441.06 and a 12-month high of $565.00. The company’s fifty day simple moving average is $543.08 and its 200 day simple moving average is $533.88. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 earnings per share. As a group, sell-side analysts forecast that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Roper Technologies

A number of large investors have recently added to or reduced their stakes in ROP. OFI Invest Asset Management purchased a new stake in Roper Technologies during the third quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies during the third quarter worth about $27,000. Rise Advisors LLC purchased a new stake in Roper Technologies during the first quarter worth about $27,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies during the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Roper Technologies during the fourth quarter worth about $31,000. Hedge funds and other 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.