Roper Technologies, Inc. (NYSE:ROP) Receives $604.33 Consensus Price Target from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $604.33.

A number of analysts recently issued reports on ROP shares. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Barclays increased their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Finally, Royal Bank of Canada decreased their target price on shares of Roper Technologies from $685.00 to $674.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Jason Conley sold 3,500 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now 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 accessible through the SEC website. Also, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold 3,940 shares of company stock valued at $2,214,019 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies during the first quarter worth $27,000. OFI Invest Asset Management bought a new stake in Roper Technologies in the 1st quarter valued at $29,000. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 20 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 1.5 %

Shares of NYSE:ROP opened at $523.02 on Friday. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $55.98 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02. The firm has a fifty day moving average of $552.31 and a two-hundred day moving average of $545.17.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies’s payout ratio is presently 21.77%.

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.