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

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $616.00.

ROP has been the subject of a number of recent analyst reports. Oppenheimer decreased their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada increased their price objective on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Barclays increased their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th.

Roper Technologies Stock Down 0.5 %

NYSE:ROP opened at $558.04 on Monday. The firm has a market capitalization of $59.74 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The stock has a 50 day moving average of $547.91 and a 200-day moving average of $545.39. Roper Technologies has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Analysts predict that Roper Technologies will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Activity

In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Roper Technologies

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its holdings in shares of Roper Technologies by 236.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after acquiring an additional 5,789 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after acquiring an additional 7,768 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Roper Technologies by 5.9% in the 4th quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock worth $27,416,000 after acquiring an additional 2,811 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Roper Technologies by 90.7% in the 4th quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock worth $29,092,000 after acquiring an additional 25,384 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after buying an additional 1,024 shares during the period. 93.31% of the stock is currently 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.