Roper Technologies (NYSE:ROP) Price Target Lowered to $674.00 at Royal Bank of Canada

Roper Technologies (NYSE:ROP) had its price objective lowered by Royal Bank of Canada from $685.00 to $674.00 in a research note published on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Several other equities analysts also recently commented on ROP. Wolfe Research downgraded shares of Roper Technologies from an outperform rating to a peer perform rating in a research report on Thursday, June 13th. Barclays increased their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. Oppenheimer lowered their price target on Roper Technologies from $650.00 to $630.00 and set an outperform rating on the stock in a research report on Thursday. Mizuho raised their price target on Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research report on Monday, April 29th. Finally, Robert W. Baird raised Roper Technologies from a neutral rating to an outperform rating and raised their price target for the company from $617.00 to $635.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $604.33.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $548.53 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The firm has a market cap of $58.71 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 2.88 and a beta of 1.02. Roper Technologies has a 1 year low of $474.46 and a 1 year high of $579.10. The business has a fifty day simple moving average of $553.71 and a 200 day simple moving average of $545.64.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.90 earnings per share. As a group, sell-side analysts predict that Roper Technologies will post 18.17 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $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

A number of institutional investors have recently modified their holdings of ROP. Symphony Financial Ltd. Co. raised its position in Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 19 shares during the last quarter. Western Financial Corp CA raised its position in Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after purchasing an additional 19 shares during the last quarter. AMG National Trust Bank raised its position in Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 19 shares during the last quarter. Beaumont Financial Advisors LLC raised its position in Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 20 shares during the last quarter. Finally, Legacy Private Trust Co. raised its position 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 purchasing an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

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.