Roper Technologies (NASDAQ:ROP) Sets New 52-Week High - Should You Buy?

Key Points

• Roper Technologies reached a new 52-week high of $457.91, up from its prior close of $449.65. The company reported quarterly EPS of $5.89, exceeding estimates, while revenue rose 7.7% year over year to $2.17 billion.
• Analyst sentiment is mixed: the consensus rating is “Hold”, with an average price target of $469.41. Recent targets range from $480 to $526, although some analysts have downgraded or reduced their outlooks.
• Roper pays a quarterly dividend of $0.91, equivalent to a 0.8% yield, while insiders recently sold shares. Institutional investors own a substantial 93.31% of the company’s stock.

Shares of Roper Technologies, Inc. (NASDAQ:ROP - Get Free Report) reached a new 52-week high during trading on Friday. The stock traded as high as $457.91 and last traded at $457.91, with a volume of 13,548 shares changing hands. The stock had previously closed at $449.65.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ROP shares. Raymond James Financial cut shares of Roper Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, July 22nd. Piper Sandler decreased their target price on Roper Technologies from $540.00 to $526.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Weiss Ratings raised Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 20th. Truist Financial boosted their price target on Roper Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Finally, Robert W. Baird set a $480.00 price objective on Roper Technologies and gave the company an "outperform" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $469.41.

Roper Technologies Trading Up 3.1%

The firm has a market capitalization of $45.84 billion, a PE ratio of 18.22, a PEG ratio of 2.19 and a beta of 0.75. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $391.22 and a two-hundred day moving average price of $365.38.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company posted $5.14 EPS. Roper Technologies's revenue was up 7.7% on a year-over-year basis. Analysts expect that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies's dividend payout ratio is currently 14.36%.

Insider Buying and Selling at Roper Technologies

In related news, EVP Jason Conley sold 12,000 shares of the stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the transaction, the executive vice president directly owned 28,457 shares of the company's stock, valued at $12,393,877.21. This trade represents a 29.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Stipancich sold 3,500 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 35,434 shares of the company's stock, valued at approximately $15,911,283.36. This trade represents a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Roper Technologies during the second quarter valued at about $3,346,912,000. Wellington Management Group LLP bought a new stake in shares of Roper Technologies during the 2nd quarter valued at $890,328,000. Arrowstreet Capital Limited Partnership increased its position in Roper Technologies by 206.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock valued at $474,070,000 after buying an additional 903,223 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Roper Technologies by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company's stock valued at $462,667,000 after purchasing an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE purchased a new stake in shares of Roper Technologies during the second quarter valued at $448,321,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company's software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.

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.