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

Roper Technologies, Inc. (NYSE:ROP) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $620.91.

ROP has been the subject of several analyst reports. Royal Bank of Canada lifted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Robert W. Baird upped their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating on the stock. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Oppenheimer restated an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Institutional Trading of Roper Technologies

Several institutional investors and hedge funds have recently bought and sold shares of ROP. Deutsche Bank AG raised its stake in shares of Roper Technologies by 12.4% during the 1st quarter. Deutsche Bank AG now owns 357,661 shares of the industrial products company’s stock worth $210,870,000 after purchasing an additional 39,354 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Roper Technologies by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 705,472 shares of the industrial products company’s stock valued at $415,932,000 after acquiring an additional 32,279 shares during the period. ASR Vermogensbeheer N.V. bought a new position in shares of Roper Technologies in the 1st quarter valued at about $1,231,000. Strategy Asset Managers LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth about $203,000. Finally, Exencial Wealth Advisors LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at about $200,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.8 %

Shares of ROP stock opened at $570.48 on Tuesday. The company has a market capitalization of $61.34 billion, a P/E ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17. The firm has a 50-day moving average price of $565.97 and a 200 day moving average price of $555.35.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.41 EPS. Research analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

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.