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

Shares of Roper Technologies, Inc. (NYSE:ROP) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $632.36.

Several brokerages recently weighed in on ROP. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Robert W. Baird increased their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th.

Roper Technologies Trading Down 0.3%

Roper Technologies stock opened at $544.79 on Friday. The firm has a 50 day simple moving average of $565.64 and a 200-day simple moving average of $561.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The stock has a market capitalization of $58.57 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17.

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, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $4.41 earnings per share. As a group, equities research analysts expect that Roper Technologies will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.61%. The ex-dividend date is Tuesday, July 8th. Roper Technologies’s dividend payout ratio is 23.81%.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newman Dignan & Sheerar Inc. grew its stake in Roper Technologies by 2.2% during the second quarter. Newman Dignan & Sheerar Inc. now owns 2,252 shares of the industrial products company’s stock valued at $1,277,000 after acquiring an additional 49 shares in the last quarter. PGGM Investments grew its stake in Roper Technologies by 50.5% during the second quarter. PGGM Investments now owns 120,496 shares of the industrial products company’s stock valued at $68,302,000 after acquiring an additional 40,447 shares in the last quarter. Truist Financial Corp grew its stake in Roper Technologies by 5.1% during the second quarter. Truist Financial Corp now owns 9,253 shares of the industrial products company’s stock valued at $5,245,000 after acquiring an additional 445 shares in the last quarter. First United Bank & Trust grew its stake in Roper Technologies by 4.2% during the second quarter. First United Bank & Trust now owns 2,415 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 97 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Roper Technologies by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 26,077 shares of the industrial products company’s stock valued at $14,782,000 after acquiring an additional 1,067 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

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.