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

Key Points

• Roper Technologies has received an average analyst rating of "Moderate Buy" from twelve brokerages, with eight ratings as buys and one as a strong buy.
• Earlier estimates for the stock's price target vary, with Truist Financial recently increasing it to $685.00, while Mizuho set a lower target at $600.00.
• The company reported a quarterly earnings per share (EPS) of $4.87, exceeding analysts' expectations of $4.83, alongside a year-over-year revenue increase of 13.2%.

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $637.1818.

Several analysts recently commented on ROP shares. William Blair started coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Truist Financial boosted their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Barclays reaffirmed 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 target on shares of Roper Technologies in a research note on Monday, April 28th.

Roper Technologies Stock Performance

ROP opened at $522.53 on Thursday. The stock has a market cap of $56.23 billion, a PE ratio of 36.44, a P/E/G ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $595.17. The stock's 50 day simple moving average is $556.44 and its 200-day simple moving average is $564.81.

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

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is currently 23.19%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the sale, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its position in shares of Roper Technologies by 4.1% during the second quarter. Gamco Investors INC. ET AL now owns 28,502 shares of the industrial products company's stock worth $16,156,000 after acquiring an additional 1,115 shares during the last quarter. Jump Financial LLC bought a new stake in Roper Technologies in the second quarter valued at about $5,141,000. Cary Street Partners Investment Advisory LLC bought a new stake in Roper Technologies in the second quarter valued at about $143,000. Avestar Capital LLC increased its holdings in Roper Technologies by 93.5% in the second quarter. Avestar Capital LLC now owns 946 shares of the industrial products company's stock valued at $536,000 after purchasing an additional 457 shares during the last quarter. Finally, Amundi increased its holdings in Roper Technologies by 21.9% in the second quarter. Amundi now owns 323,985 shares of the industrial products company's stock valued at $186,406,000 after purchasing an additional 58,102 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

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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