Stifel Nicolaus Cuts Roper Technologies (NYSE:ROP) Price Target to $650.00

Roper Technologies (NYSE:ROP) had its price target decreased by Stifel Nicolaus from $685.00 to $650.00 in a research report report published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Several other research analysts have also recently weighed in on ROP. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird increased their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday. Raymond James reiterated a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $620.91.

Roper Technologies Stock Down 0.4 %

Shares of ROP stock opened at $557.59 on Tuesday. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $59.95 billion, a PE ratio of 38.88, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock’s 50-day simple moving average is $567.24 and its 200-day simple moving average is $554.72.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.41 earnings per share. Equities analysts expect that Roper Technologies will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 23.81%.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new position in Roper Technologies in the fourth quarter worth approximately $26,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at about $27,000. Putney Financial Group LLC purchased a new position in Roper Technologies during the fourth quarter worth about $31,000. Olde Wealth Management LLC acquired a new stake in shares of Roper Technologies during the first quarter valued at about $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.