Roper Technologies (NYSE:ROP) Now Covered by Oppenheimer

Oppenheimer initiated coverage on shares of Roper Technologies (NYSE:ROP - Free Report) in a research report report published on Monday. The brokerage issued an outperform rating and a $630.00 target price on the industrial products company's stock.

Several other research firms have also weighed in on ROP. Barclays restated an "underweight" rating and set a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Truist Financial restated a "buy" rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. 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 research note on Thursday, October 24th. Finally, Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $615.20.

Roper Technologies Price Performance

ROP stock traded down $0.46 during trading on Monday, hitting $524.94. 546,873 shares of the company's stock traded hands, compared to its average volume of 505,847. Roper Technologies has a 52 week low of $508.22 and a 52 week high of $580.09. The stock has a market capitalization of $56.29 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 2.84 and a beta of 1.02. The business has a fifty day simple moving average of $552.81 and a 200 day simple moving average of $551.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

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, beating 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 the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $4.32 EPS. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, research analysts expect that Roper Technologies will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced 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. 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. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. Roper Technologies's payout ratio is 24.14%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction on Thursday, October 24th. The stock was 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 in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after acquiring an additional 132,575 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock worth $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company's stock valued at $1,357,162,000 after purchasing an additional 51,131 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock worth $630,749,000 after purchasing an additional 33,544 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after buying an additional 64,565 shares during the last quarter. 93.31% of the stock is owned by 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.