Roper Technologies, Inc. (NYSE:ROP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Roper Technologies, Inc. (NYSE:ROP) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $615.20.

A number of analysts have weighed in on the stock. Barclays restated an “underweight” rating and set a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho upped their price objective on Roper Technologies from $530.00 to $565.00 and gave the company 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 for the company in a report on Thursday, October 24th. Finally, Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In other 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 owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Several large investors have recently added to or reduced their stakes in ROP. Fairscale Capital LLC bought a new stake in Roper Technologies during the second quarter valued at about $28,000. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the 3rd quarter valued at approximately $28,000. Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $31,000. Global Wealth Strategies & Associates purchased a new stake in Roper Technologies in the 3rd quarter worth approximately $37,000. Finally, Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter worth approximately $42,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Performance

Shares of ROP opened at $519.85 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a market cap of $55.74 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.84 and a beta of 1.02. The business’s 50 day moving average price is $548.23 and its 200-day moving average price is $550.19. Roper Technologies has a 52 week low of $508.22 and a 52 week high of $580.09.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company posted $4.32 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Roper Technologies will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

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.