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

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $604.33.

Several research analysts recently issued reports on ROP shares. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Barclays lifted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Royal Bank of Canada dropped their price target on Roper Technologies from $685.00 to $674.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th.

Roper Technologies Stock Up 0.7 %

Shares of NYSE:ROP opened at $526.78 on Friday. The stock has a market cap of $56.39 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.72 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10. The business’s 50 day moving average is $552.19 and its 200 day moving average is $544.96.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is presently 21.77%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s 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 sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s 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 sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. Insiders have sold a total of 3,940 shares of company stock worth $2,214,019 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roper Technologies

Several hedge funds have recently made changes to their positions in ROP. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies in the first quarter valued at $25,000. Rise Advisors LLC purchased a new position in shares of Roper Technologies in the first quarter valued at $27,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the first quarter valued at $29,000. Versant Capital Management Inc grew its position in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Roper Technologies in the fourth quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.