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

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $620.80.

A number of research firms recently issued reports on ROP. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Oppenheimer lowered their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th.

Roper Technologies Trading Down 2.9 %

Shares of Roper Technologies stock opened at $548.23 on Tuesday. The stock has a market capitalization of $58.79 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. Roper Technologies has a 12-month low of $508.22 and a 12-month high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $552.39 and a 200 day simple moving average of $547.70.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $4.32 EPS. Roper Technologies’s revenue was up 11.7% compared to the same quarter last year. Research analysts expect that Roper Technologies will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC lifted its holdings in shares of Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after acquiring an additional 2,399 shares in the last quarter. Sei Investments Co. boosted its stake in Roper Technologies by 5.6% in the 1st quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock worth $16,495,000 after purchasing an additional 1,553 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Roper Technologies by 12.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock valued at $5,067,000 after purchasing an additional 988 shares in the last quarter. Finally, PGGM Investments raised its position in Roper Technologies by 739.4% in the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock valued at $40,919,000 after buying an additional 63,947 shares during the last quarter. Institutional investors and hedge funds 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.