Robert W. Baird Issues Positive Forecast for Roper Technologies (NYSE:ROP) Stock Price

Roper Technologies (NYSE:ROP - Free Report) had its target price hoisted by Robert W. Baird from $668.00 to $687.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the industrial products company's stock.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus reduced their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday. Royal Bank Of Canada increased their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday. Oppenheimer reissued an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Roper Technologies Trading Down 1.2%

ROP traded down $6.82 during trading on Tuesday, reaching $557.02. 885,390 shares of the company's stock were exchanged, compared to its average volume of 564,833. Roper Technologies has a one year low of $499.47 and a one year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $59.89 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The firm has a fifty day moving average price of $564.72 and a two-hundred day moving average price of $562.13.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 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 posted $4.48 EPS. The business's revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ROP. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after purchasing an additional 142,150 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock valued at $3,515,984,000 after acquiring an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Roper Technologies by 0.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after acquiring an additional 20,238 shares in the last quarter. Geode Capital Management LLC grew its stake in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after buying an additional 29,184 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $914,052,000. 93.31% of the stock is owned by institutional investors.

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.