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

Roper Technologies, Inc. (NYSE:ROP) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $623.60.

A number of brokerages recently weighed in on ROP. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird set a $665.00 price objective on Roper Technologies in a research report on Friday, January 31st.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Roper Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter valued at about $26,000. Putney Financial Group LLC bought a new stake in Roper Technologies in the fourth quarter valued at about $31,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies in the fourth quarter valued at about $36,000. OFI Invest Asset Management bought a new stake in Roper Technologies in the fourth quarter valued at about $38,000. Finally, Parvin Asset Management LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $39,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $572.18 on Monday. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a market capitalization of $61.44 billion, a P/E ratio of 39.90, a PEG ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $564.14 and its 200 day moving average price is $552.65.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

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.