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

Shares of Roper Technologies, Inc. (NYSE:ROP) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $624.11.

A number of analysts recently commented on the company. Oppenheimer started coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price for the company. Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird lifted their price target 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. Barclays restated an “underweight” rating and set a $569.00 price objective (down previously from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Finally, Mizuho lifted 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.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’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 completion of the sale, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

A number of large investors have recently added to or reduced their stakes in ROP. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies in the third quarter valued at approximately $28,000. Valley Wealth Managers Inc. bought a new position in Roper Technologies during the second quarter valued at $31,000. Global Wealth Strategies & Associates purchased a new stake in Roper Technologies in the third quarter worth $37,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Roper Technologies in the second quarter valued at $42,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.2 %

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

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.32 EPS. Research analysts forecast that Roper Technologies will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.64%. 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. 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.