Roper Technologies, Inc. (NASDAQ:ROP) Stock Has Consensus Price Target of $469.41

Key Points

• Analysts are broadly cautious: Nineteen firms give Roper Technologies a consensus “Hold” rating, with an average one-year price target of $469.41; ratings include seven Buys, one Strong Buy, nine Holds, and two Sells.
• Quarterly results topped estimates: Roper reported adjusted earnings of $5.89 per share, beating the $5.79 consensus, while revenue rose 7.7% year over year to $2.17 billion.
• The company raised its dividend: The quarterly payout increased about 10%, from $0.91 to $1.00 per share, equivalent to $4.00 annually and a 0.8% yield.

Shares of Roper Technologies, Inc. (NASDAQ:ROP - Get Free Report) have received an average recommendation of "Hold" from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $469.41.

A number of equities research analysts recently weighed in on ROP shares. Truist Financial upped their price objective on Roper Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Mizuho set a $355.00 target price on Roper Technologies in a research report on Tuesday, July 21st. BMO Capital Markets reiterated a "market perform" rating and issued a $462.00 price target (up from $393.00) on shares of Roper Technologies in a report on Friday, October 23rd. Argus upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and set a $450.00 target price for the company in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $480.00 target price on Roper Technologies and gave the company an "outperform" rating in a research note on Friday, July 24th.

Roper Technologies Trading Down 2.9%

Shares of Roper Technologies stock opened at $476.60 on Friday. Roper Technologies has a 52-week low of $305.96 and a 52-week high of $507.24. The company's fifty day moving average price is $399.06 and its two-hundred day moving average price is $367.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The firm has a market capitalization of $47.14 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.38 and a beta of 0.67.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The firm had revenue of $2.17 billion for the quarter. During the same quarter in the prior year, the company earned $5.14 EPS. Roper Technologies's quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Roper Technologies will post 22.38 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Monday, January 4th will be given a $1.00 dividend. The ex-dividend date is Monday, January 4th. This represents a $4.00 annualized dividend and a yield of 0.8%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.91. Roper Technologies's dividend payout ratio (DPR) is 14.36%.

Insiders Place Their Bets

In other news, EVP John Stipancich sold 3,500 shares of the company's stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the transaction, the executive vice president directly owned 35,434 shares in the company, valued at approximately $15,911,283.36. This represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brandon Cross sold 2,000 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $489.30, for a total value of $978,600.00. Following the completion of the sale, the chief accounting officer owned 2,271 shares in the company, valued at approximately $1,111,200.30. This trade represents a 46.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,500 shares of company stock worth $27,476,600. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Roper Technologies during the second quarter valued at approximately $3,346,912,000. Wellington Management Group LLP purchased a new stake in Roper Technologies in the second quarter valued at $890,328,000. Corient Private Wealth LP acquired a new position in shares of Roper Technologies during the 2nd quarter worth about $80,953,000. Flossbach Von Storch SE acquired a new position in Roper Technologies in the 2nd quarter valued at about $448,321,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Roper Technologies by 206.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock worth $474,070,000 after acquiring an additional 903,223 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Key Stories Impacting Roper Technologies

Here are the key news stories impacting Roper Technologies this week:

• Positive Sentiment: Roper raised its quarterly dividend about 10%, from $0.91 to $1.00 per share, extending its streak of annual increases to 34 years. The increase signals continued commitment to shareholder returns and confidence in the business. Roper Technologies Rewards Shareholders With 10% Dividend Hike
• Negative Sentiment: CEO Laurence Hunn sold 40,000 shares for $19.7 million, reducing his direct holdings by 47.36%. Separately, Chief Accounting Officer Brandon Cross sold 2,000 shares, cutting his position by 46.83%. The sales may raise investor concern, though insider transactions alone do not establish a negative outlook. CEO SEC filing CAO SEC filing
• Negative Sentiment: A recent commentary says ROP looks fully valued as investors focus on cash flow, suggesting limited room for further gains if cash generation does not support expectations. Roper Technologies Stock Looks Fully Valued As Cash Flow Comes Into Focus

Roper Technologies Company Profile

Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy.

The company's portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.

Roper traces its history to 1981, when it was established as Roper Industries; it adopted the name Roper Technologies in 2015 as its business increasingly focused on software and technology.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.