Barclays Has Lowered Expectations for Roper Technologies (NYSE:ROP) Stock Price

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

A number of other analysts also recently issued reports on ROP. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Stock Up 0.6 %

Shares of ROP opened at $510.30 on Wednesday. The business’s 50 day moving average is $544.32 and its 200 day moving average is $548.29. The company has a market capitalization of $54.72 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. Roper Technologies has a 12-month low of $504.30 and a 12-month high of $580.09. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $4.32 EPS. Research analysts expect that Roper Technologies will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.65%. Roper Technologies’s payout ratio is 24.14%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Fairscale Capital LLC bought a new position in shares of Roper Technologies in the 2nd quarter worth $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the third quarter worth about $28,000. Valley Wealth Managers Inc. acquired a new stake in Roper Technologies during the second quarter worth about $31,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies in the third quarter valued at approximately $37,000. Finally, Kimelman & Baird LLC acquired a new stake in Roper Technologies in the second quarter valued at approximately $42,000. 93.31% of the stock is owned by institutional investors.

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.