Roper Technologies, Inc. (NYSE:ROP) Receives Average Recommendation of "Moderate Buy" from Brokerages

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $632.36.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Mizuho set a $600.00 price target on shares of Roper Technologies in a report on Friday, May 16th. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Stifel Nicolaus dropped their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th.

Institutional Trading of Roper Technologies

A number of institutional investors have recently made changes to their positions in ROP. Saudi Central Bank purchased a new stake in shares of Roper Technologies during the first quarter worth about $25,000. Banque Transatlantique SA bought a new stake in shares of Roper Technologies during the 1st quarter valued at about $25,000. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $26,000. MorganRosel Wealth Management LLC bought a new position in Roper Technologies in the first quarter worth about $27,000. Finally, Putney Financial Group LLC purchased a new stake in Roper Technologies in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP traded up $5.02 during trading on Friday, hitting $569.29. The company's stock had a trading volume of 808,786 shares, compared to its average volume of 548,730. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17. The firm's 50 day moving average price is $564.81 and its two-hundred day moving average price is $557.38. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $61.21 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the business posted $4.41 EPS. The firm's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's payout ratio is 23.81%.

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.