Roper Technologies (NYSE:ROP) Price Target Cut to $630.00 by Analysts at Oppenheimer

Roper Technologies (NYSE:ROP) had its price target trimmed by Oppenheimer from $650.00 to $630.00 in a report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada lowered their price target on Roper Technologies from $696.00 to $680.00 and set an outperform rating on the stock in a report on Monday, April 29th. Robert W. Baird raised Roper Technologies from a neutral rating to an outperform rating and raised their price target for the stock from $617.00 to $635.00 in a report on Thursday. Mizuho raised their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a report on Monday, April 29th. Barclays raised their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an overweight rating in a report on Wednesday, July 10th. Finally, Wolfe Research lowered Roper Technologies from an outperform rating to a peer perform rating in a report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $604.33.

Roper Technologies Stock Performance

NYSE ROP opened at $540.89 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.45. Roper Technologies has a 1 year low of $474.46 and a 1 year high of $579.10. The company has a market capitalization of $57.90 billion, a PE ratio of 39.25, a P/E/G ratio of 2.79 and a beta of 1.02. The company has a fifty day moving average of $553.58 and a two-hundred day moving average of $545.30.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company posted $3.90 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. As a group, analysts expect that Roper Technologies will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s payout ratio is 21.77%.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Roper Technologies in the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the 1st quarter valued at $29,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new position in Roper Technologies in the 4th quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.