Roper Technologies (NASDAQ:ROP) Research Coverage Started at Piper Sandler

Piper Sandler started coverage on shares of Roper Technologies (NASDAQ:ROP) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm issued an overweight rating and a $600.00 price target on the industrial products company’s stock.

A number of other analysts also recently weighed in on ROP. Oppenheimer restated an “outperform” rating and issued a $570.00 price target on shares of Roper Technologies in a research note on Thursday, October 23rd. Stifel Nicolaus set a $550.00 target price on Roper Technologies in a report on Friday, October 24th. Robert W. Baird set a $592.00 target price on shares of Roper Technologies in a research report on Friday, October 24th. Royal Bank Of Canada downgraded shares of Roper Technologies from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $644.00 to $539.00 in a report on Monday, October 27th. Finally, Jefferies Financial Group decreased 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 Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $579.54.

Roper Technologies Trading Up 0.7%

Shares of Roper Technologies stock opened at $443.75 on Thursday. The firm has a market cap of $47.76 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. Roper Technologies has a 52-week low of $435.42 and a 52-week high of $595.17. The company’s 50-day simple moving average is $481.55 and its 200-day simple moving average is $527.76. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.46.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company earned $4.62 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. As a group, equities research analysts anticipate that Roper Technologies will post 19.96 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a $0.91 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. Roper Technologies’s payout ratio is presently 25.09%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Amy Woods Brinkley purchased 1,200 shares of Roper Technologies stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $450.71 per share, with a total value of $540,852.00. Following the completion of the acquisition, the director directly owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laurence Neil Hunn acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of $452.23 per share, with a total value of $4,522,300.00. Following the completion of the purchase, the chief executive officer owned 97,311 shares in the company, valued at approximately $44,006,953.53. This represents a 11.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

A number of large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Roper Technologies in the second quarter worth $1,064,718,000. Nuveen LLC purchased a new stake in Roper Technologies during the 1st quarter worth about $894,764,000. Wellington Management Group LLP raised its stake in Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company’s stock valued at $826,030,000 after purchasing an additional 672,306 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Roper Technologies by 62.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock valued at $790,789,000 after purchasing an additional 610,089 shares in the last quarter. Finally, Flossbach Von Storch SE boosted its stake in shares of Roper Technologies by 130.3% during the 3rd quarter. Flossbach Von Storch SE now owns 896,161 shares of the industrial products company’s stock worth $446,907,000 after purchasing an additional 507,083 shares during the last quarter. Institutional investors and hedge funds 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.