Oppenheimer Initiates Coverage on Roper Technologies (NYSE:ROP)

Oppenheimer assumed coverage on shares of Roper Technologies (NYSE:ROP) in a research note published on Monday. The firm issued an outperform rating and a $630.00 price target on the industrial products company’s stock.

A number of other research analysts also recently commented on ROP. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays restated an “underweight” rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Finally, Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Roper Technologies Trading Up 0.6 %

Shares of ROP stock opened at $528.14 on Monday. The company has a market cap of $56.63 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 2.84 and a beta of 1.02. Roper Technologies has a 1 year low of $508.22 and a 1 year high of $580.09. The firm has a fifty day moving average price of $551.67 and a 200-day moving average price of $551.23. 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 (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. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.32 earnings per share. As a group, equities analysts predict that Roper Technologies will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is 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 completion of the sale, the director now directly owns 32,955 shares in the company, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Roper Technologies by 5.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after buying an additional 1,789 shares during the period. Citigroup Inc. boosted its stake in shares of Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after purchasing an additional 28,555 shares during the period. Synovus Financial Corp grew its stake in shares of Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after acquiring an additional 961 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Roper Technologies by 52.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock worth $2,747,000 after purchasing an additional 1,699 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Roper Technologies by 3.7% in the third quarter. CIBC Asset Management Inc now owns 49,221 shares of the industrial products company’s stock worth $27,382,000 after acquiring an additional 1,775 shares during the last quarter. Hedge funds and other 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.