Roper Technologies (NYSE:ROP) Price Target Increased to $600.00 by Analysts at Barclays

Roper Technologies (NYSE:ROPFree Report) had its price objective upped by Barclays from $596.00 to $600.00 in a research note issued to investors on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on the company. Oppenheimer raised their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a research note on Friday, March 22nd. Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research report on Monday, January 22nd. Royal Bank of Canada lifted their target price on Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a research report on Thursday, February 1st. TD Cowen cut Roper Technologies from an outperform rating to a market perform rating and set a $535.00 target price on the stock. in a research report on Thursday, January 4th. Finally, Raymond James lifted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $574.58.

Read Our Latest Stock Analysis on Roper Technologies

Roper Technologies Trading Down 1.4 %

NYSE ROP opened at $545.94 on Tuesday. The business has a 50 day simple moving average of $549.13 and a 200 day simple moving average of $527.96. Roper Technologies has a one year low of $430.03 and a one year high of $565.00. The stock has a market capitalization of $58.43 billion, a P/E ratio of 42.35, a P/E/G ratio of 2.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm posted $3.92 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts expect that Roper Technologies will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of Roper Technologies

Several hedge funds have recently made changes to their positions in the company. Beaumont Financial Advisors LLC raised its stake in shares of Roper Technologies by 2.5% in the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after buying an additional 20 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Roper Technologies by 10.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 21 shares in the last quarter. UMB Bank n.a. lifted its holdings in Roper Technologies by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock worth $1,664,000 after purchasing an additional 21 shares in the last quarter. NorthRock Partners LLC lifted its holdings in Roper Technologies by 1.7% during the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 21 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after purchasing an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

About Roper Technologies

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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.

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