Roper Technologies (NYSE:ROP) Price Target Raised to $625.00 at Barclays

Roper Technologies (NYSE:ROP) had its target price raised by Barclays from $611.00 to $625.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Several other research firms have also recently issued reports on ROP. Oppenheimer restated an outperform rating and set a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an outperform rating for the company in a research note on Monday, April 29th. Wolfe Research cut shares of Roper Technologies from an outperform rating to a peer perform rating in a research report on Thursday, June 13th. Finally, Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $587.09.

Roper Technologies Stock Up 0.5 %

Shares of NYSE:ROP opened at $553.06 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $59.20 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.92 and a beta of 1.02. Roper Technologies has a 52-week low of $472.18 and a 52-week high of $569.49. The stock’s fifty day simple moving average is $544.99 and its 200-day simple moving average is $543.55.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 EPS. As a group, equities research analysts forecast that Roper Technologies will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were 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 owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the first quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies during the first quarter valued at approximately $27,000. OFI Invest Asset Management bought a new stake in Roper Technologies during the first quarter worth approximately $29,000. Versant Capital Management Inc increased its holdings in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares in the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the 4th quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors.

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.