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

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $615.20.

Several research analysts recently weighed in on ROP shares. Jefferies Financial Group raised their target price on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Barclays restated an "underweight" rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a report on Thursday. Finally, Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Roper Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in Roper Technologies in the second quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at $28,000. Valley Wealth Managers Inc. bought a new stake in Roper Technologies in the second quarter worth $31,000. Global Wealth Strategies & Associates bought a new stake in Roper Technologies in the third quarter worth $37,000. Finally, Kimelman & Baird LLC acquired a new position in Roper Technologies during the second quarter worth $42,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP traded down $6.70 on Friday, reaching $551.20. The company had a trading volume of 544,767 shares, compared to its average volume of 444,706. The company has a market capitalization of $59.10 billion, a P/E ratio of 40.32, a PEG ratio of 3.01 and a beta of 1.02. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $554.30 and a 200-day moving average of $551.50. Roper Technologies has a one year low of $508.22 and a one year high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $4.32 earnings per share. As a group, equities research analysts anticipate that Roper Technologies will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is presently 24.14%.

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.