Roper Technologies (NYSE:ROP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Roper Technologies (NYSE:ROP – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on the stock. Wolfe Research upgraded shares of Roper Technologies from a peer perform rating to an outperform rating and set a $480.00 price objective on the stock in a research report on Thursday, February 23rd. Barclays lifted their target price on shares of Roper Technologies from $510.00 to $518.00 and gave the company an overweight rating in a research note on Monday, January 30th. The Goldman Sachs Group lifted their target price on shares of Roper Technologies from $423.00 to $468.00 and gave the company a neutral rating in a research note on Thursday, December 15th. Finally, Royal Bank of Canada lifted their target price on shares of Roper Technologies from $504.00 to $505.00 and gave the company an outperform rating in a research note on Monday, January 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $495.67.

Roper Technologies Trading Down 0.6 %

NYSE ROP opened at $425.66 on Thursday. Roper Technologies has a twelve month low of $356.21 and a twelve month high of $488.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.67. The stock has a market cap of $45.22 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.54 and a beta of 1.03. The firm’s 50 day moving average price is $431.95 and its two-hundred day moving average price is $416.31.

Roper Technologies (NYSE:ROP – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The industrial products company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. Roper Technologies had a net margin of 80.89% and a return on equity of 11.43%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted $3.73 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Roper Technologies will post 16.07 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Thursday, April 6th will be paid a $0.683 dividend. This represents a $2.73 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, April 5th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.68. Roper Technologies’s payout ratio is presently 6.41%.

Insider Activity at Roper Technologies

In other Roper Technologies news, CEO Laurence Neil Hunn sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the completion of the transaction, the chief executive officer now owns 112,048 shares of the company’s stock, valued at approximately $49,701,131.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Roper Technologies news, CEO Laurence Neil Hunn sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the completion of the transaction, the chief executive officer now owns 112,048 shares of the company’s stock, valued at approximately $49,701,131.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 471 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $429.55, for a total transaction of $202,318.05. Following the transaction, the director now directly owns 38,127 shares of the company’s stock, valued at approximately $16,377,452.85. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ronald Blue Trust Inc. bought a new position in shares of Roper Technologies during the 2nd quarter worth about $27,000. Phocas Financial Corp. bought a new position in shares of Roper Technologies during the 4th quarter worth about $28,000. Compass Wealth Management LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $30,000. Fortis Capital Advisors LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $30,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $34,000. Institutional investors own 92.41% of the company’s stock.

About Roper Technologies

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.