Barclays Increases Roper Technologies (NYSE:ROP) Price Target to $600.00

Roper Technologies (NYSE:ROP - Free Report) had its price objective hoisted by Barclays from $596.00 to $600.00 in a report published on Tuesday, Benzinga reports. They currently have an overweight rating on the industrial products company's stock.

Several other research firms also recently commented on ROP. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a report on Friday, February 2nd. Mizuho increased their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a neutral rating in a report on Thursday, February 1st. Oppenheimer increased their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a report on Friday, March 22nd. Finally, TD Cowen downgraded shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $574.58.

Roper Technologies Trading Down 1.4 %

Shares of ROP stock traded down $7.68 during trading hours on Tuesday, reaching $545.94. 775,336 shares of the stock traded hands, compared to its average volume of 494,494. The firm has a market capitalization of $58.43 billion, a PE ratio of 42.35, a PEG ratio of 2.96 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average price of $549.13 and a 200 day moving average price of $527.96. Roper Technologies has a 1-year low of $430.03 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.92 EPS. On average, equities research analysts forecast that Roper Technologies will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, April 4th. Roper Technologies's dividend payout ratio (DPR) is currently 23.27%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its position in Roper Technologies by 1.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company's stock valued at $13,064,000 after acquiring an additional 463 shares in the last quarter. Prudential PLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $1,038,000. Cetera Investment Advisers increased its position in Roper Technologies by 0.8% in the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company's stock valued at $1,849,000 after acquiring an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $367,000. Finally, Candriam Luxembourg S.C.A. increased its position in Roper Technologies by 432.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company's stock valued at $17,569,000 after acquiring an additional 30,214 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

About Roper Technologies

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.