Roper Technologies, Inc. (NYSE:ROP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $620.73.

ROP has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus started coverage on Roper Technologies in a research report on Thursday, March 27th. They set a “buy” rating and a $685.00 price objective for the company. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st.

Roper Technologies Stock Performance

ROP stock opened at $567.08 on Friday. The firm has a market cap of $60.90 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.77 and a beta of 1.04. The stock’s 50 day simple moving average is $572.08 and its 200 day simple moving average 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. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after purchasing an additional 72,503 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock valued at $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Roper Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the last quarter. Norges Bank bought a new stake in shares of Roper Technologies during the 4th quarter worth $914,052,000. Finally, Invesco Ltd. grew its holdings in shares of Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company’s stock worth $774,687,000 after acquiring an additional 31,531 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

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.