Roper Technologies (NYSE:ROP) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of Roper Technologies (NYSE:ROP) in a report published on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $626.00 price target on the industrial products company’s stock.

ROP has been the subject of several other research reports. Stifel Nicolaus decreased their price target on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $561.00 to $577.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They issued an “outperform” rating for the company. Finally, Barclays reiterated an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $636.36.

Roper Technologies Trading Up 1.5%

Shares of ROP stock opened at $540.52 on Wednesday. The company has a 50 day moving average of $552.49 and a 200-day moving average of $563.98. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a market cap of $58.17 billion, a P/E ratio of 37.69, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter last year, the company posted $4.48 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Sell-side analysts anticipate that Roper Technologies will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 23.19%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company’s stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares of the company’s stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Roper Technologies by 1.7% in the second quarter. Vanguard Group Inc. now owns 10,896,899 shares of the industrial products company’s stock worth $6,176,798,000 after acquiring an additional 179,646 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Roper Technologies by 9.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company’s stock worth $3,515,984,000 after acquiring an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Roper Technologies by 0.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company’s stock worth $3,049,155,000 after acquiring an additional 20,238 shares in the last quarter. State Street Corp grew its position in Roper Technologies by 2.1% in the second quarter. State Street Corp now owns 4,940,058 shares of the industrial products company’s stock worth $2,800,222,000 after acquiring an additional 101,033 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Roper Technologies by 1.1% in the second quarter. Geode Capital Management LLC now owns 2,574,503 shares of the industrial products company’s stock worth $1,453,557,000 after acquiring an additional 27,386 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.