Roper Technologies (NYSE:ROP) Stock Rating Lowered by Wolfe Research

Wolfe Research lowered shares of Roper Technologies (NYSE:ROP) from an outperform rating to a peer perform rating in a research note released on Thursday, MarketBeat.com reports.

Other equities research analysts have also recently issued reports about the company. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Royal Bank of Canada cut their target price on Roper Technologies from $696.00 to $680.00 and set an outperform rating for the company in a research note on Monday, April 29th. Oppenheimer restated an outperform rating and set a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Finally, Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $584.82.

Roper Technologies Trading Up 0.4 %

Shares of ROP stock opened at $549.45 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The stock has a market cap of $58.82 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 2.87 and a beta of 1.01. The stock has a 50 day simple moving average of $534.84 and a 200 day simple moving average of $540.95. Roper Technologies has a 1 year low of $453.17 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $3.90 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts predict that Roper Technologies will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s payout ratio is 21.77%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of Roper Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the 1st quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies during the 3rd quarter worth about $27,000. Rise Advisors LLC acquired a new stake in Roper Technologies during the 1st quarter worth about $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 1st quarter worth about $29,000. Finally, Independence Bank of Kentucky acquired a new stake in Roper Technologies during the 4th quarter worth about $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.