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

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $632.36.

ROP has been the topic of several research reports. Royal Bank Of Canada upped their price target on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. Robert W. Baird lifted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th.

Roper Technologies Stock Up 0.9%

Shares of NYSE:ROP opened at $571.02 on Wednesday. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a market cap of $61.39 billion, a P/E ratio of 39.82, a P/E/G ratio of 2.77 and a beta of 1.03. 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 company's 50-day moving average price is $566.02 and its two-hundred day moving average price is $558.23.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $4.41 EPS. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. As a group, research analysts forecast that Roper Technologies will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Hedge Funds Weigh In On Roper Technologies

A number of large investors have recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Roper Technologies during the first quarter worth about $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the 1st quarter worth approximately $25,000. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $26,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Roper Technologies in the first quarter valued at approximately $27,000. Finally, Putney Financial Group LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth $31,000. Institutional investors own 93.31% of the company's stock.

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.

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