Roper Technologies (ROP) – Analysts’ Recent Ratings Updates

Posted by Lars Charter on Aug 10th, 2024

A number of research firms have changed their ratings and price targets for Roper Technologies (NYSE: ROP):

7/25/2024 – Roper Technologies was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating.
7/25/2024 – Roper Technologies had its price target lowered by analysts at Royal Bank of Canada from $685.00 to $674.00. They now have an “outperform” rating on the stock.
7/25/2024 – Roper Technologies had its price target lowered by analysts at Oppenheimer Holdings Inc. from $650.00 to $630.00. They now have an “outperform” rating on the stock.
7/25/2024 – Roper Technologies was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $635.00 price target on the stock, up previously from $617.00.
7/10/2024 – Roper Technologies had its price target raised by analysts at Barclays PLC from $611.00 to $625.00. They now have an “overweight” rating on the stock.
6/13/2024 – Roper Technologies was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.

Roper Technologies Stock Up 0.7 %

Roper Technologies stock traded up $3.76 during midday trading on Friday, reaching $526.78. The stock had a trading volume of 300,102 shares, compared to its average volume of 524,973. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a market capitalization of $56.39 billion, a P/E ratio of 38.23, a PEG ratio of 2.81 and a beta of 1.02. The company has a fifty day moving average price of $552.31 and a two-hundred day moving average price of $545.17. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

Roper Technologies Dividend Announcement

The firm also recently announced 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%.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the company’s 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 transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The disclosure for this sale can be found here. Insiders have sold 3,940 shares of company stock worth $2,214,019 in the last 90 days. Insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Large investors have recently modified their holdings of the business. Symphony Financial Ltd. Co. lifted its holdings in shares of Roper Technologies by 1.5% during the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares during the last quarter. Western Financial Corp CA grew its position in shares of Roper Technologies by 1.1% during the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after acquiring an additional 19 shares during the period. AMG National Trust Bank grew its position in shares of Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 19 shares during the period. Beaumont Financial Advisors LLC grew its position in shares of Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares during the period. Finally, Legacy Private Trust Co. boosted its holdings in Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after buying an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors.

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.