Roper Technologies, Inc. (NASDAQ:ROP) Stock Has Average Price Target of $469.41 According to Brokerages

Shares of Roper Technologies, Inc. (NASDAQ:ROP) have been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $469.41.

A number of brokerages recently issued reports on ROP. Royal Bank Of Canada raised their price objective on Roper Technologies from $417.00 to $450.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Raymond James Financial lowered shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $480.00 price target on shares of Roper Technologies and gave the company an “outperform” rating in a research report on Friday, July 24th. Mizuho set a $355.00 price target on shares of Roper Technologies in a research note on Tuesday, July 21st. Finally, Truist Financial upped their price objective on shares of Roper Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, October 23rd.

Insider Transactions at Roper Technologies

In related news, CEO Laurence Hunn sold 40,000 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $492.50, for a total value of $19,700,000.00. Following the sale, the chief executive officer owned 44,457 shares in the company, valued at approximately $21,895,072.50. The trade was a 47.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brandon L. Cross sold 2,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $489.30, for a total value of $978,600.00. Following the transaction, the chief accounting officer directly owned 2,271 shares in the company, valued at approximately $1,111,200.30. The trade was a 46.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,500 shares of company stock valued at $27,476,600. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors have recently bought and sold shares of ROP. BlackRock Inc. acquired a new stake in shares of Roper Technologies during the second quarter worth about $3,346,912,000. Wellington Management Group LLP acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $890,328,000. Corient Private Wealth LP acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $80,953,000. Flossbach Von Storch SE purchased a new stake in Roper Technologies during the 2nd quarter worth approximately $448,321,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Roper Technologies by 206.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after buying an additional 903,223 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Down 1.0%

Shares of NASDAQ ROP opened at $471.64 on Friday. The company has a market capitalization of $46.71 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.44 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The company has a 50 day simple moving average of $399.97 and a 200-day simple moving average of $367.53. Roper Technologies has a 1 year low of $305.96 and a 1 year high of $507.24.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The firm had revenue of $2.17 billion for the quarter. During the same quarter in the prior year, the company posted $5.14 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Roper Technologies will post 22.38 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Monday, January 4th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.91. The ex-dividend date is Monday, January 4th. Roper Technologies’s payout ratio is currently 14.36%.

Roper Technologies Company Profile

Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy.

The company’s portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.

Roper traces its history to 1981, when it was established as Roper Industries; it adopted the name Roper Technologies in 2015 as its business increasingly focused on software and technology.