Roper Technologies (NYSE:ROP) Price Target Lowered to $666.00 at Royal Bank of Canada

Roper Technologies (NYSE:ROP) had its price objective lowered by Royal Bank of Canada from $675.00 to $666.00 in a research report report published on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

ROP has been the topic of several other research reports. Barclays lifted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Oppenheimer lowered their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Trading Down 0.0 %

Shares of Roper Technologies stock opened at $542.00 on Thursday. The stock has a market capitalization of $58.10 billion, a P/E ratio of 40.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $551.26 and a 200 day simple moving average of $545.44. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company earned $4.32 EPS. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. Research analysts expect that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is 22.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC grew its position in shares of Roper Technologies by 6.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 425 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 27 shares in the last quarter. Procyon Advisors LLC boosted its holdings in Roper Technologies by 2.3% during the 1st quarter. Procyon Advisors LLC now owns 2,505 shares of the industrial products company’s stock valued at $1,405,000 after acquiring an additional 56 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Roper Technologies by 160.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 962 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 592 shares during the period. OneAscent Financial Services LLC boosted its holdings in Roper Technologies by 3.0% during the 1st quarter. OneAscent Financial Services LLC now owns 1,588 shares of the industrial products company’s stock valued at $890,000 after acquiring an additional 46 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in Roper Technologies by 114.0% during the 1st quarter. Independence Bank of Kentucky now owns 122 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 65 shares during the period. 93.31% of the stock is owned by institutional investors.

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.