Roper Technologies (NYSE:ROP) Sees Large Volume Increase – Still a Buy?

Roper Technologies, Inc. (NYSE:ROP) shares saw unusually-strong trading volume on Friday . Approximately 351,147 shares traded hands during trading, a decline of 30% from the previous session’s volume of 499,769 shares.The stock last traded at $521.74 and had previously closed at $521.75.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Truist Financial reiterated a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays restated an “underweight” rating and issued a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Roper Technologies Price Performance

The company has a market capitalization of $56.34 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.84 and a beta of 1.02. 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 stock’s 50 day simple moving average is $552.81 and its 200-day simple moving average is $551.56.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $4.32 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is 24.14%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. &PARTNERS acquired a new position in Roper Technologies in the second quarter valued at $603,000. LRI Investments LLC lifted its holdings in shares of Roper Technologies by 2,400.0% in the 2nd quarter. LRI Investments LLC now owns 200 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 192 shares during the last quarter. AMG National Trust Bank boosted its position in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 19 shares during the period. First Heartland Consultants Inc. grew its stake in Roper Technologies by 15.6% during the 2nd quarter. First Heartland Consultants Inc. now owns 547 shares of the industrial products company’s stock worth $309,000 after buying an additional 74 shares during the last quarter. Finally, Railway Pension Investments Ltd increased its position in Roper Technologies by 54.7% during the second quarter. Railway Pension Investments Ltd now owns 16,400 shares of the industrial products company’s stock worth $9,244,000 after buying an additional 5,800 shares during the period. 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.