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

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $574.58.

A number of equities analysts have recently issued reports on the company. TD Cowen downgraded 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. Wells Fargo & Company raised their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Oppenheimer raised their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Mizuho raised their target price on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Finally, Raymond James raised their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Roper Technologies

Hedge funds have recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Roper Technologies during the third quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies during the third quarter worth about $27,000. Rise Advisors LLC purchased a new position in Roper Technologies during the first quarter worth about $27,000. Independence Bank of Kentucky purchased a new position in Roper Technologies during the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the fourth quarter worth about $31,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Roper Technologies stock opened at $540.41 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $57.83 billion, a PE ratio of 41.92, a P/E/G ratio of 2.84 and a beta of 0.99. Roper Technologies has a 12 month low of $430.03 and a 12 month high of $565.00. The stock has a 50-day moving average price of $545.43 and a two-hundred day moving average price of $533.17.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $3.92 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that Roper Technologies will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

About Roper Technologies

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.