Oppenheimer Reiterates Outperform Rating for Roper Technologies (NYSE:ROP)

Oppenheimer reaffirmed their outperform rating on shares of Roper Technologies (NYSE:ROP - Free Report) in a research note released on Monday, Benzinga reports. Oppenheimer currently has a $650.00 price objective on the industrial products company's stock.

Several other research firms have also recently weighed in on ROP. Royal Bank of Canada cut their price target on shares of Roper Technologies from $696.00 to $680.00 and set an outperform rating on the stock in a report on Monday. Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Mizuho upped their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a report on Monday. Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a report on Monday, January 22nd. Four equities research 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. Based on data from MarketBeat, Roper Technologies presently has an average rating of Moderate Buy and an average target price of $579.83.

Roper Technologies Price Performance

Roper Technologies stock traded down $13.20 during mid-day trading on Monday, reaching $513.58. The company had a trading volume of 698,074 shares, compared to its average volume of 507,713. The company has a market cap of $54.96 billion, a P/E ratio of 37.44, a P/E/G ratio of 2.77 and a beta of 0.99. The business has a fifty day simple moving average of $545.05 and a 200 day simple moving average of $533.84. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies has a fifty-two week low of $441.06 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $3.90 earnings per share. The business's revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, April 4th. Roper Technologies's payout ratio is currently 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROP. OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 3rd quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies in the third quarter valued at about $27,000. Rise Advisors LLC purchased a new position in Roper Technologies in the first quarter valued at about $27,000. Independence Bank of Kentucky purchased a new position in Roper Technologies in the fourth quarter valued at about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies in the fourth quarter valued at about $31,000. 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.