Raymond James Boosts Roper Technologies (NYSE:ROP) Price Target to $475.00

Roper Technologies (NYSE:ROP) had its price target upped by Raymond James from $410.00 to $475.00 in a research report report published on Wednesday, BenzingaRatingsTable reports. Raymond James currently has an outperform rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada restated a buy rating on shares of Roper Technologies in a research note on Thursday, May 28th. Argus lifted their price objective on shares of Roper Technologies from $400.00 to $475.00 and gave the company a buy rating in a research note on Wednesday. Barclays lifted their price objective on shares of Roper Technologies from $340.00 to $360.00 and gave the company an equal weight rating in a research note on Tuesday, July 7th. Oppenheimer restated a hold rating on shares of Roper Technologies in a research note on Tuesday, July 28th. Finally, Wells Fargo & Co cut their price objective on shares of Roper Technologies from $400.00 to $390.00 and set an overweight rating on the stock in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Roper Technologies has a consensus rating of Buy and a consensus target price of $412.80.

ROP stock opened at $432.45 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.27. The stock has a market capitalization of $45.15 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 3.38 and a beta of 1.06. Roper Technologies has a 1 year low of $240.00 and a 1 year high of $441.03. The stock’s fifty day moving average is $399.72 and its two-hundred day moving average is $363.86.

Roper Technologies (NYSE:ROP) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.27. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Roper Technologies had a return on equity of 14.20% and a net margin of 29.75%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $3.07 earnings per share. As a group, analysts predict that Roper Technologies will post 12.2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 15.71%.

In related news, Director Wilbur J. Prezzano sold 3,500 shares of Roper Technologies stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $355.65, for a total value of $1,244,775.00. Following the transaction, the director now owns 16,880 shares of the company’s stock, valued at approximately $6,003,372. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Fort III sold 4,540 shares of Roper Technologies stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $372.43, for a total value of $1,690,832.20. Following the completion of the transaction, the director now directly owns 14,340 shares in the company, valued at approximately $5,340,646.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,040 shares of company stock worth $4,415,607. 1.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Baystate Wealth Management LLC increased its stake in Roper Technologies by 50.0% in the 2nd quarter. Baystate Wealth Management LLC now owns 75 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Roper Technologies by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 949 shares of the industrial products company’s stock valued at $296,000 after acquiring an additional 28 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Roper Technologies by 14.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 29 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in Roper Technologies by 4.2% during the 1st quarter. First Allied Advisory Services Inc. now owns 750 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 30 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its stake in Roper Technologies by 0.5% during the 1st quarter. Chesley Taft & Associates LLC now owns 7,320 shares of the industrial products company’s stock valued at $2,282,000 after acquiring an additional 35 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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