Roper Technologies, Inc. (NYSE:ROP) Receives $620.73 Consensus PT from Brokerages

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $620.73.

ROP has been the subject of a number of recent research reports. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Stifel Nicolaus initiated coverage on Roper Technologies in a research note on Thursday, March 27th. They set a "buy" rating and a $685.00 price target for the company. 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 note on Tuesday, January 28th. Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Barclays dropped 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.

Roper Technologies Stock Down 0.5 %

Shares of ROP stock traded down $2.92 during trading on Friday, hitting $564.17. 24,103 shares of the company were exchanged, compared to its average volume of 662,648. The business's 50-day simple moving average is $572.08 and its 200 day simple moving average is $554.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market capitalization of $60.58 billion, a price-to-earnings ratio of 39.34, a P/E/G ratio of 2.77 and a beta of 1.04.

Remove Ads

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction dated 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 directly owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors have recently added to or reduced their stakes in ROP. Douglas Lane & Associates LLC lifted its holdings in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp lifted its holdings in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the last quarter. Nordea Investment Management AB boosted its position in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock valued at $280,113,000 after buying an additional 42,016 shares in the last quarter. First Financial Bank Trust Division increased its holdings in shares of Roper Technologies by 28.0% during the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company's stock worth $5,574,000 after buying an additional 2,343 shares in the last quarter. Finally, Signal Advisors Wealth LLC raised its stake in shares of Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after acquiring an additional 1,719 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

About Roper Technologies

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.