Roper Technologies, Inc. (NYSE:ROP) Receives $619.50 Average Target Price from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $619.50.

ROP has been the topic of several recent research reports. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Royal Bank of Canada upped their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th.

Roper Technologies Price Performance

Roper Technologies stock opened at $557.62 on Friday. Roper Technologies has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $549.91 and its 200 day simple moving average is $545.28. The firm has a market capitalization of $59.69 billion, a PE ratio of 40.47, a P/E/G ratio of 2.90 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, equities research analysts predict that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s payout ratio is currently 21.77%.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The shares were 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 $3,251,959.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies during the 1st quarter worth approximately $27,000. Fairscale Capital LLC acquired a new stake in Roper Technologies during the 2nd quarter worth approximately $28,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 1st quarter worth approximately $29,000. Finally, Versant Capital Management Inc increased its position in Roper Technologies by 58.8% during the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.