Roper Technologies (NYSE:ROP) Rating Reiterated by Oppenheimer

Oppenheimer reissued their outperform rating on shares of Roper Technologies (NYSE:ROP) in a research note published on Monday, Benzinga reports. Oppenheimer currently has a $650.00 price target on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Raymond James lifted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a research report on Friday, February 2nd. Mizuho boosted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research report on Monday. TD Cowen downgraded shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Barclays boosted their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of Moderate Buy and an average target price of $579.83.

Roper Technologies Trading Down 2.5 %

Roper Technologies stock opened at $513.58 on Monday. Roper Technologies has a 52 week low of $441.06 and a 52 week high of $565.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The stock has a market capitalization of $54.96 billion, a P/E ratio of 30.59, a PEG ratio of 2.77 and a beta of 0.99. The stock has a 50-day simple moving average of $544.42 and a 200 day simple moving average of $533.92.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $3.90 earnings per share. Analysts expect that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend 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 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction 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 sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Trading of Roper Technologies

Several institutional investors have recently modified their holdings of ROP. Vanguard Group Inc. lifted its holdings in Roper Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares during the period. Principal Financial Group Inc. lifted its holdings in Roper Technologies by 2.5% in the first quarter. Principal Financial Group Inc. now owns 2,581,710 shares of the industrial products company’s stock valued at $1,447,927,000 after buying an additional 61,756 shares during the period. Norges Bank acquired a new position in Roper Technologies in the fourth quarter valued at $756,176,000. Bank of New York Mellon Corp lifted its holdings in Roper Technologies by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 1,314,972 shares of the industrial products company’s stock valued at $737,489,000 after buying an additional 68,957 shares during the period. Finally, Northern Trust Corp lifted its holdings in Roper Technologies by 5.0% in the third quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after buying an additional 54,396 shares during the period. 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.