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

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $616.00.

A number of analysts have recently weighed in on ROP shares. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Oppenheimer decreased 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.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Institutional investors have recently modified their holdings of the stock. Gilbert & Cook Inc. raised its position in Roper Technologies by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after purchasing an additional 97 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in shares of Roper Technologies by 9.5% in the fourth quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 41 shares in the last quarter. 9258 Wealth Management LLC lifted its stake in Roper Technologies by 11.5% in the fourth quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock worth $1,012,000 after acquiring an additional 192 shares during the period. Assetmark Inc. grew its holdings in Roper Technologies by 9.5% during the 4th quarter. Assetmark Inc. now owns 3,069 shares of the industrial products company’s stock worth $1,673,000 after acquiring an additional 265 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Roper Technologies by 4.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,594 shares of the industrial products company’s stock valued at $2,504,000 after purchasing an additional 191 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.2 %

Shares of ROP stock opened at $553.80 on Monday. The stock’s 50-day moving average price is $546.48 and its 200-day moving average price is $545.49. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10. The stock has a market capitalization of $59.28 billion, a price-to-earnings ratio of 40.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Equities research analysts predict that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.