Barclays Cuts Roper Technologies (NYSE:ROP) Price Target to $562.00

Roper Technologies (NYSE:ROP) had its price objective decreased by Barclays from $569.00 to $562.00 in a research report released on Wednesday morning,Benzinga reports. Barclays currently has an underweight rating on the industrial products company’s stock.

Other analysts have also issued reports about the company. Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Oppenheimer assumed coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price on the stock. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada dropped 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Trading Down 1.5 %

NYSE:ROP opened at $502.71 on Wednesday. The business’s 50-day moving average is $543.00 and its two-hundred day moving average is $547.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies has a 12 month low of $502.10 and a 12 month high of $580.09. The firm has a market capitalization of $53.91 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted $4.32 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Research analysts predict that Roper Technologies will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is presently 24.14%.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROP. Private Advisor Group LLC raised its stake in Roper Technologies by 5.3% during the 2nd quarter. Private Advisor Group LLC now owns 5,409 shares of the industrial products company’s stock valued at $3,049,000 after purchasing an additional 270 shares during the period. Savant Capital LLC raised its stake in Roper Technologies by 63.8% during the 2nd quarter. Savant Capital LLC now owns 994 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 387 shares during the period. Prudential PLC raised its stake in Roper Technologies by 6.5% during the 2nd quarter. Prudential PLC now owns 7,320 shares of the industrial products company’s stock valued at $4,126,000 after purchasing an additional 446 shares during the period. Wedbush Securities Inc. raised its stake in Roper Technologies by 5.6% during the 2nd quarter. Wedbush Securities Inc. now owns 1,872 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 100 shares during the period. Finally, Choreo LLC raised its stake in Roper Technologies by 99.9% during the 2nd quarter. Choreo LLC now owns 3,331 shares of the industrial products company’s stock valued at $1,875,000 after purchasing an additional 1,665 shares during the period. Institutional investors own 93.31% of the company’s stock.

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.