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

Shares of Roper Technologies, Inc. (NYSE:ROP) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $620.73.

A number of equities research analysts recently issued reports on the stock. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus started coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They set a “buy” rating and a $685.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Raymond James reissued a “strong-buy” rating and set a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Roper Technologies Stock Up 0.2 %

Shares of NYSE:ROP opened at $567.08 on Friday. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17. The stock’s 50-day moving average price is $572.08 and its two-hundred day moving average price is $554.16. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $60.90 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Activity

In other news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently bought and sold shares of the business. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at approximately $26,000. Putney Financial Group LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $31,000. CoreFirst Bank & Trust bought a new position in Roper Technologies during the 4th quarter valued at $36,000. Parvin Asset Management LLC acquired a new position in Roper Technologies during the 4th quarter worth $39,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 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.