Roper Technologies (NYSE:ROP) Upgraded at Baird R W

Baird R W upgraded shares of Roper Technologies (NYSE:ROP) from a hold rating to a strong-buy rating in a research note published on Thursday, Zacks.com reports.

Several other research firms have also weighed in on ROP. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an outperform rating on the stock in a report on Thursday. Wolfe Research lowered Roper Technologies from an outperform rating to a peer perform rating in a research note on Thursday, June 13th. Mizuho lifted their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada dropped their price objective on Roper Technologies from $685.00 to $674.00 and set an outperform rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $604.33.

Roper Technologies Price Performance

NYSE ROP opened at $548.53 on Thursday. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The stock’s 50-day moving average is $553.71 and its two-hundred day moving average is $545.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.45. The firm has a market cap of $58.71 billion, a P/E ratio of 39.81, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company 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 business’s revenue was up 14.4% compared to the same quarter last year. On average, analysts anticipate that Roper Technologies will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roper Technologies news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Symphony Financial Ltd. Co. boosted its holdings in shares of Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 19 shares in the last quarter. Western Financial Corp CA boosted its holdings in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 19 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 19 shares in the last quarter. Beaumont Financial Advisors LLC boosted its holdings in shares of Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 20 shares in the last quarter. Finally, Legacy Private Trust Co. boosted its holdings in shares of Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Company Profile

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.