Roper Technologies, Inc. (NYSE:ROP) Receives Average Rating of "Moderate Buy" from Brokerages

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $623.60.

ROP has been the topic of several research analyst reports. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % 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 this link. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $26,000. Putney Financial Group LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $31,000. CoreFirst Bank & Trust bought a new position in Roper Technologies in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in Roper Technologies in the fourth quarter valued at approximately $38,000. Finally, Parvin Asset Management LLC bought a new position in Roper Technologies in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

NYSE ROP traded down $2.78 during midday trading on Monday, hitting $575.05. The company had a trading volume of 180,943 shares, compared to its average volume of 496,073. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $61.75 billion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 2.77 and a beta of 1.06. The firm has a fifty day simple moving average of $561.45 and a two-hundred day simple moving average of $552.40. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies's payout ratio is presently 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.