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Roper Technologies (NYSE:ROP) Hits New 12-Month Low - Here's Why

Roper Technologies logo with Computer and Technology background

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $499.47 and last traded at $501.46, with a volume of 27251 shares. The stock had previously closed at $502.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROP. Truist Financial restated a "buy" rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 price target for the company. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, Robert W. Baird increased 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $623.33.

Get Our Latest Stock Report on ROP

Roper Technologies Stock Performance

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 cap of $54.47 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.84 and a beta of 1.04. The company has a 50 day moving average of $543.00 and a 200 day moving average of $547.43.

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

Roper Technologies Increases Dividend

The business 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 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 annualized dividend and a dividend yield of 0.65%. Roper Technologies's dividend 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 that occurred 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 transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ledyard National Bank boosted its holdings in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 18 shares during the period. Cromwell Holdings LLC lifted its stake in Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock worth $185,000 after purchasing an additional 21 shares during the period. Hibernia Wealth Partners LLC increased its holdings in shares of Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after buying an additional 21 shares in the last quarter. Ballast Advisors LLC increased its holdings in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock worth $921,000 after buying an additional 21 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company's stock worth $48,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Company Profile

(Get Free Report)

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.

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