Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Target Price at $620.80

Roper Technologies, Inc. (NYSE:ROP) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $620.80.

ROP has been the topic of several research reports. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Oppenheimer reduced their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $564.77 on Tuesday. The stock has a market capitalization of $60.56 billion, a PE ratio of 41.78, a P/E/G ratio of 2.95 and a beta of 1.03. Roper Technologies has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business has a fifty day moving average price of $552.18 and a two-hundred day moving average price of $547.34.

Roper Technologies (NYSE:ROP) last posted its earnings results 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 net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Roper Technologies will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Roper Technologies in the first quarter valued at approximately $25,000. Fairscale Capital LLC purchased a new position in Roper Technologies in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter valued at $28,000. Versant Capital Management Inc raised its stake in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new position in Roper Technologies in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.