Roper Technologies, Inc. (NYSE:ROP) Receives $620.80 Average Price Target from Analysts

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) has received an average rating of "Moderate Buy" from the twelve ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $620.80.

A number of analysts have recently commented on ROP shares. Mizuho lifted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer reduced their price target on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group lifted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada dropped their price objective 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.

Roper Technologies Stock Down 0.3 %

NYSE:ROP traded down $1.67 on Tuesday, reaching $563.47. 114,396 shares of the stock traded hands, compared to its average volume of 494,262. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.96 and a beta of 1.03. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies has a 12 month low of $508.22 and a 12 month high of $579.10. The company's fifty day simple moving average is $551.68 and its 200 day simple moving average is $546.91.

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

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's payout ratio is 24.14%.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the business's 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 directly owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 0.00 % 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. Insiders own 0.87% of the company's stock.

Institutional Trading of Roper Technologies

A number of large investors have recently made changes to their positions in the stock. Ledyard National Bank grew its holdings in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock worth $499,000 after acquiring an additional 18 shares in the last quarter. Western Financial Corp CA boosted its holdings in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company's stock valued at $973,000 after buying an additional 19 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company's stock valued at $220,000 after buying an additional 19 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Roper Technologies by 50.0% in the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company's stock valued at $34,000 after buying an additional 20 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

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.