Analysts Set Roper Technologies, Inc. (NYSE:ROP) PT at $574.58

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $574.58.

ROP has been the subject of a number of research reports. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Mizuho upped their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a "neutral" rating in a research note on Thursday, February 1st. Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research note on Friday, February 2nd. Oppenheimer upped their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd.

Insider Activity at Roper Technologies

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. YHB Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the 1st quarter worth $69,000. SlateStone Wealth LLC purchased a new stake in Roper Technologies during the first quarter worth about $1,038,000. ZWJ Investment Counsel Inc. raised its position in Roper Technologies by 0.9% in the first quarter. ZWJ Investment Counsel Inc. now owns 53,931 shares of the industrial products company's stock worth $30,247,000 after acquiring an additional 457 shares during the period. SYSTM Wealth Solutions LLC boosted its stake in Roper Technologies by 16.8% in the first quarter. SYSTM Wealth Solutions LLC now owns 958 shares of the industrial products company's stock valued at $537,000 after acquiring an additional 138 shares during the last quarter. Finally, Carr Financial Group Corp bought a new position in shares of Roper Technologies during the 1st quarter valued at approximately $280,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 2.5 %

Shares of NYSE:ROP traded down $13.63 during midday trading on Friday, reaching $526.78. The company's stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. Roper Technologies has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The firm has a 50 day moving average price of $545.05 and a two-hundred day moving average price of $533.36. The firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts' consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.90 earnings per share. As a group, analysts forecast that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio is currently 23.27%.

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.