Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Price Target at $501.96

Shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $494.47.

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Roper Technologies from $557.00 to $500.00 and set an “overweight” rating for the company in a research note on Tuesday, May 24th. The Goldman Sachs Group cut their price target on shares of Roper Technologies from $540.00 to $412.00 and set a “neutral” rating on the stock in a research note on Thursday. Oppenheimer set a $500.00 price target on shares of Roper Technologies in a research note on Monday. Finally, StockNews.com downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 10th.

Roper Technologies stock opened at $394.28 on Tuesday. The stock has a market cap of $41.76 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 1.22. Roper Technologies has a 1 year low of $369.51 and a 1 year high of $505.00. The firm has a 50-day moving average of $429.73 and a two-hundred day moving average of $448.56.

Roper Technologies (NYSE:ROP – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.08. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Roper Technologies had a net margin of 47.36% and a return on equity of 13.36%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.60 EPS. Research analysts expect that Roper Technologies will post 15.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 9.17%.

In related news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total value of $110,922.50. Following the completion of the transaction, the director now owns 5,869 shares in the company, valued at $2,604,016.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in ROP. Balyasny Asset Management LLC increased its holdings in shares of Roper Technologies by 334.1% in the 3rd quarter. Balyasny Asset Management LLC now owns 192,407 shares of the industrial products company’s stock valued at $85,839,000 after acquiring an additional 148,081 shares during the period. Verition Fund Management LLC purchased a new position in Roper Technologies in the 3rd quarter valued at $453,000. Two Sigma Securities LLC purchased a new position in Roper Technologies in the 3rd quarter valued at $248,000. Twinbeech Capital LP purchased a new stake in shares of Roper Technologies during the 3rd quarter worth $344,000. Finally, TownSquare Capital LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter worth $270,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company Profile (Get Rating)

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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