Roper Technologies, Inc. (NYSE:ROP) Receives $620.80 Consensus PT from Brokerages

Roper Technologies, Inc. (NYSE:ROP) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $620.80.

A number of equities analysts have weighed in on the company. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. 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. Finally, Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th.

Roper Technologies Stock Performance

NYSE:ROP opened at $549.37 on Tuesday. The firm’s fifty day simple moving average is $552.31 and its 200 day simple moving average is $548.46. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies has a twelve month low of $508.22 and a twelve month high of $579.10. The firm has a market capitalization of $58.91 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm posted $4.32 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Roper Technologies will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roper Technologies

Large investors have recently bought and sold shares of the business. ORG Partners LLC lifted its holdings in shares of Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after buying an additional 2,399 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Roper Technologies by 5.6% during the first quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock valued at $16,495,000 after acquiring an additional 1,553 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Roper Technologies by 12.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock worth $5,067,000 after acquiring an additional 988 shares during the last quarter. Finally, PGGM Investments increased its holdings in shares of Roper Technologies by 739.4% in the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after acquiring an additional 63,947 shares during the period. Institutional investors own 93.31% of the company’s stock.

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.