Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Target Price at $584.82

Shares of Roper Technologies, Inc. (NYSE:ROP) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $584.82.

ROP has been the topic of a number of analyst reports. Mizuho upped their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th.

Insider Transactions at Roper Technologies

In related 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 value of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Several large investors have recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies during the 1st quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in shares of Roper Technologies during the 3rd quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of Roper Technologies during the 1st quarter valued at approximately $27,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 1st quarter valued at approximately $29,000. Finally, Independence Bank of Kentucky bought a new position in Roper Technologies in the 4th quarter worth approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $544.62 on Tuesday. The stock has a market capitalization of $58.30 billion, a PE ratio of 39.52, a PEG ratio of 2.84 and a beta of 1.00. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $537.09 and a 200-day moving average of $538.14. Roper Technologies has a 12 month low of $441.06 and a 12 month high of $565.00.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm posted $3.90 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies will post 18.15 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is 21.77%.

About Roper Technologies

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.