Roper Technologies, Inc. (NYSE:ROP) Receives $615.20 Average PT from Brokerages

Roper Technologies, Inc. (NYSE:ROP) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $624.11.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial restated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Barclays reaffirmed an “underweight” rating and issued a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ROP. Fairscale Capital LLC acquired a new position in Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the third quarter valued at $28,000. Valley Wealth Managers Inc. bought a new position in Roper Technologies during the 2nd quarter worth $31,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $37,000. Finally, Kimelman & Baird LLC bought a new position in shares of Roper Technologies during the second quarter worth about $42,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $514.64 on Wednesday. Roper Technologies has a 52-week low of $508.22 and a 52-week high of $580.09. The stock has a market cap of $55.18 billion, a PE ratio of 37.65, a P/E/G ratio of 2.84 and a beta of 1.04. The firm has a 50-day moving average of $546.65 and a 200-day moving average of $549.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.32 earnings per share. On average, sell-side analysts anticipate that Roper Technologies will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.64%. Roper Technologies’s dividend payout ratio is presently 24.14%.

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.