Roper Technologies (NYSE:ROP) Sets New 1-Year Low – Time to Sell?

Roper Technologies, Inc. (NYSE:ROP) hit a new 52-week low during trading on Monday . The company traded as low as $499.47 and last traded at $501.46, with a volume of 27251 shares changing hands. The stock had previously closed at $502.71.

Analyst Ratings Changes

ROP has been the subject of several research reports. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price for the company. Finally, Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Price Performance

The company’s 50-day moving average price is $543.00 and its 200-day moving average price is $547.43. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $54.35 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $4.32 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.65%. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of Roper Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 3Chopt Investment Partners LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at approximately $220,000. Oppenheimer & Co. Inc. boosted its stake in Roper Technologies by 6.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 5,162 shares of the industrial products company’s stock worth $2,910,000 after purchasing an additional 329 shares during the period. Federated Hermes Inc. grew its position in Roper Technologies by 29.7% during the 2nd quarter. Federated Hermes Inc. now owns 4,996 shares of the industrial products company’s stock worth $2,816,000 after purchasing an additional 1,143 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in Roper Technologies in the second quarter valued at $260,000. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of Roper Technologies by 130.3% in the second quarter. Thoroughbred Financial Services LLC now owns 1,087 shares of the industrial products company’s stock valued at $613,000 after buying an additional 615 shares during the last quarter. Institutional investors and hedge funds 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.