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

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $620.91.

A number of brokerages have weighed in on ROP. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Truist Financial reiterated a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th.

Roper Technologies Stock Up 0.9 %

Roper Technologies stock opened at $571.13 on Tuesday. 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 firm has a 50 day moving average price of $566.73 and a 200-day moving average price of $554.77. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a market capitalization of $61.41 billion, a P/E ratio of 39.83, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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 period last year, the company earned $4.41 EPS. The company's revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company's stock.

Institutional Trading of Roper Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the fourth quarter worth $26,000. MorganRosel Wealth Management LLC purchased a new stake in Roper Technologies in the first quarter worth about $27,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies in the 4th quarter valued at $31,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies during the 1st quarter worth approximately $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $31,000. 93.31% of the stock is currently owned by institutional investors.

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.

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