Analysts Set Roper Technologies, Inc. (NYSE:ROP) PT at $574.58

Roper Technologies, Inc. (NYSE:ROP) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $574.58.

ROP has been the subject of several analyst reports. Mizuho raised their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Raymond James lifted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Oppenheimer lifted their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Barclays lifted their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC bought a new stake in shares of Roper Technologies during the 1st quarter worth $27,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the 3rd quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Roper Technologies in the 3rd quarter valued at about $27,000. Wetzel Investment Advisors Inc. bought a new stake in Roper Technologies in the 4th quarter valued at about $31,000. Finally, Independence Bank of Kentucky bought a new stake in Roper Technologies in the 4th quarter valued at about $31,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 2.5 %

Roper Technologies stock opened at $526.78 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies has a 52-week low of $435.49 and a 52-week high of $565.00. The firm has a 50 day moving average price of $545.05 and a two-hundred day moving average price of $533.84. The firm has a market cap of $56.38 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business earned $3.90 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. Equities analysts predict that Roper Technologies will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is currently 21.77%.

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.