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

Roper Technologies, Inc. (NYSE:ROP) has received an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $525.80.

A number of research firms have weighed in on ROP. Barclays upped their price objective on shares of Roper Technologies from $550.00 to $560.00 in a research report on Tuesday, August 8th. Oppenheimer lifted their price objective on Roper Technologies from $535.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Argus increased their target price on Roper Technologies from $490.00 to $550.00 and gave the company a “buy” rating in a report on Monday, July 24th. Royal Bank of Canada lifted their price target on Roper Technologies from $532.00 to $569.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Finally, Raymond James increased their price objective on Roper Technologies from $550.00 to $572.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 25th.

Roper Technologies Stock Up 0.4 %

ROP stock opened at $495.48 on Thursday. The firm’s fifty day moving average is $489.90 and its 200 day moving average is $461.87. The firm has a market cap of $52.87 billion, a PE ratio of 18.24, a P/E/G ratio of 2.86 and a beta of 1.02. Roper Technologies has a one year low of $356.21 and a one year high of $504.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.90 and a current ratio of 0.94.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, July 21st. The industrial products company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.13. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $3.95 EPS. On average, research analysts forecast that Roper Technologies will post 16.46 EPS for the current year.

Roper Technologies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were paid a dividend of $0.6825 per share. This represents a $2.73 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 10.05%.

Insider Activity

In other Roper Technologies news, Director Robert D. Johnson sold 900 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $495.19, for a total transaction of $445,671.00. Following the completion of the sale, the director now owns 5,846 shares of the company’s stock, valued at $2,894,880.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $457.19, for a total transaction of $137,157.00. Following the completion of the transaction, the director now owns 37,827 shares of the company’s stock, valued at approximately $17,294,126.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 900 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $495.19, for a total value of $445,671.00. Following the completion of the sale, the director now directly owns 5,846 shares in the company, valued at approximately $2,894,880.74. The disclosure for this sale can be found here. Insiders sold a total of 6,200 shares of company stock valued at $3,084,399 in the last 90 days. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors have recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Roper Technologies by 106,490.5% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 186,254,169 shares of the industrial products company’s stock worth $89,551,004,000 after buying an additional 186,079,431 shares in the last quarter. BlackRock Inc. raised its stake in shares of Roper Technologies by 22.9% in the second quarter. BlackRock Inc. now owns 9,496,315 shares of the industrial products company’s stock valued at $4,565,828,000 after acquiring an additional 1,770,965 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Roper Technologies by 5.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,877,050 shares of the industrial products company’s stock valued at $3,912,029,000 after purchasing an additional 436,317 shares during the period. State Street Corp grew its stake in Roper Technologies by 1.7% during the 2nd quarter. State Street Corp now owns 4,369,088 shares of the industrial products company’s stock worth $2,100,658,000 after purchasing an additional 74,241 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Roper Technologies by 2.9% during the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock worth $1,473,416,000 after purchasing an additional 95,728 shares during the period. 91.59% 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. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.