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

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $637.18.

A number of analysts have weighed in on ROP shares. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. JPMorgan Chase & Co. upped their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $914,052,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. Nuveen LLC purchased a new position in shares of Roper Technologies in the 1st quarter valued at about $894,764,000. GAMMA Investing LLC increased its stake in shares of Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Roper Technologies by 92.3% in the 1st quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock valued at $826,030,000 after purchasing an additional 672,306 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Down 1.2%

Shares of ROP traded down $6.82 during mid-day trading on Friday, reaching $557.02. 885,390 shares of the company's stock traded hands, compared to its average volume of 564,833. The stock has a market cap of $59.89 billion, a P/E ratio of 38.84, a P/E/G ratio of 2.77 and a beta of 1.02. The stock's 50-day moving average is $564.72 and its two-hundred day moving average is $562.13. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.48 EPS. Research analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a $0.825 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

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.