Roper Technologies, Inc. (NYSE:ROP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $587.09.

ROP has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Barclays lifted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Finally, Mizuho lifted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Symphony Financial Ltd. Co. increased its position in shares of Roper Technologies by 1.5% in the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 19 shares in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of Roper Technologies by 2.5% in the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 20 shares in the last quarter. Legacy Private Trust Co. increased its position in shares of Roper Technologies by 4.4% in the first quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 20 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Roper Technologies by 3.4% in the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 20 shares in the last quarter. Finally, Covestor Ltd grew its position in Roper Technologies by 50.0% during the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $558.38 on Wednesday. The company’s fifty day simple moving average is $546.72 and its 200-day simple moving average is $543.75. Roper Technologies has a 52 week low of $472.18 and a 52 week high of $569.49. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company has a market cap of $59.77 billion, a PE ratio of 40.52, a P/E/G ratio of 2.93 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the business earned $3.90 EPS. As a group, equities research analysts anticipate that Roper Technologies will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.