Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Price Target at $584.82

Roper Technologies, Inc. (NYSE:ROP) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $584.82.

A number of brokerages have recently commented on ROP. Barclays raised their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Royal Bank of Canada cut their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Mizuho boosted their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th.

Roper Technologies Stock Performance

Roper Technologies stock opened at $544.62 on Tuesday. The stock has a market cap of $58.30 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 2.84 and a beta of 1.00. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $537.09 and a 200-day moving average of $538.14. Roper Technologies has a 52 week low of $441.06 and a 52 week high of $565.00.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $3.90 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts expect that Roper Technologies will post 18.15 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is 21.77%.

Insiders Place Their Bets

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ROP. Second Line Capital LLC lifted its holdings in Roper Technologies by 5.8% during the 1st quarter. Second Line Capital LLC now owns 3,975 shares of the industrial products company’s stock worth $2,229,000 after purchasing an additional 217 shares during the last quarter. Atria Investments Inc increased its stake in shares of Roper Technologies by 1.8% in the 1st quarter. Atria Investments Inc now owns 12,218 shares of the industrial products company’s stock valued at $6,853,000 after purchasing an additional 211 shares during the last quarter. Swedbank AB bought a new stake in Roper Technologies during the 1st quarter worth $43,851,000. Strategic Wealth Partners Ltd. grew its position in Roper Technologies by 5.2% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 12,951 shares of the industrial products company’s stock worth $7,263,000 after acquiring an additional 643 shares during the last quarter. Finally, Wahed Invest LLC grew its position in Roper Technologies by 15.2% during the 1st quarter. Wahed Invest LLC now owns 2,073 shares of the industrial products company’s stock worth $1,163,000 after acquiring an additional 273 shares during the last quarter. 93.31% of the stock is currently 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.