Roper Technologies, Inc. (NYSE:ROP) Receives $584.82 Average PT from Analysts

Roper Technologies, Inc. (NYSE:ROP) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $587.09.

Several equities research analysts recently commented on ROP shares. Mizuho boosted their price target on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada reduced their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Oppenheimer restated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Finally, Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 300 shares of the business’s 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 in the company, valued at $19,550,453.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Jason Conley sold 3,500 shares of the business’s 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 in the company, valued at $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

A number of large investors have recently bought and sold shares of the stock. MJP Associates Inc. ADV grew its position in Roper Technologies by 4.9% in the second quarter. MJP Associates Inc. ADV now owns 490 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 23 shares during the period. SG Americas Securities LLC grew its position in Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock valued at $91,219,000 after acquiring an additional 78,870 shares during the period. Webster Bank N. A. grew its position in Roper Technologies by 7.9% in the second quarter. Webster Bank N. A. now owns 1,906 shares of the industrial products company’s stock valued at $1,074,000 after acquiring an additional 140 shares during the period. Capital Investment Advisors LLC grew its position in Roper Technologies by 16.1% in the second quarter. Capital Investment Advisors LLC now owns 2,501 shares of the industrial products company’s stock valued at $1,410,000 after acquiring an additional 347 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. grew its position in Roper Technologies by 1.4% in the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 86,426 shares of the industrial products company’s stock valued at $48,896,000 after acquiring an additional 1,166 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 0.4 %

Shares of NYSE ROP opened at $558.38 on Wednesday. The stock has a market cap of $59.77 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.90 and a beta of 1.02. The business has a 50 day simple moving average of $546.72 and a 200 day simple moving average of $543.75. Roper Technologies has a 52 week low of $472.18 and a 52 week high of $569.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.90 EPS. On average, research analysts predict that Roper Technologies will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

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.