Roper Technologies, Inc. (NYSE:ROP) Given Average Rating of "Moderate Buy" by Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $615.20.

ROP has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Barclays reaffirmed an "underweight" rating and set a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. Truist Financial reissued a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an "outperform" rating and a $630.00 price target on the stock.

Roper Technologies Stock Performance

ROP traded down $0.02 during midday trading on Wednesday, hitting $519.85. 451,883 shares of the company traded hands, compared to its average volume of 502,844. The company's 50-day moving average is $547.76 and its 200 day moving average is $549.98. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $55.74 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 2.84 and a beta of 1.02. Roper Technologies has a 52 week low of $508.22 and a 52 week high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.32 earnings per share. On average, research analysts expect that Roper Technologies will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, January 3rd. 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%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.87% of the company's stock.

Hedge Funds Weigh In On Roper Technologies

Several hedge funds have recently modified their holdings of ROP. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the second quarter worth about $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. Valley Wealth Managers Inc. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $31,000. Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies in the third quarter valued at $37,000. Finally, Kimelman & Baird LLC bought a new stake in Roper Technologies in the second quarter worth $42,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

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.