Roper Technologies Inc. (ROP) Coverage Initiated at Argus
Stock analysts at Argus initiated coverage on shares of Roper Technologies Inc. (NYSE:ROP) in a report released on Wednesday. The firm set a “hold” rating on the stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price target for the company in a report on Monday, August 1st. Royal Bank Of Canada lowered their price target on Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. RBC Capital Markets reiterated an “outperform” rating and issued a $196.00 price target (down from $205.00) on shares of Roper Technologies in a report on Tuesday, July 26th. Finally, Barclays PLC lowered their price target on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $193.22.
Roper Technologies (NYSE:ROP) opened at 172.52 on Wednesday. The stock has a market cap of $17.48 billion, a PE ratio of 25.95 and a beta of 0.98. Roper Technologies has a 52-week low of $155.79 and a 52-week high of $195.93. The firm has a 50-day moving average price of $178.66 and a 200 day moving average price of $174.80.
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Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.05. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The business had revenue of $932 million for the quarter, compared to analysts’ expectations of $948.22 million. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Roper Technologies’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Roper Technologies will post $6.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, October 5th. Roper Technologies’s dividend payout ratio is currently 18.05%.
In related news, Director Robert D. Johnson sold 1,400 shares of Roper Technologies stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $173.41, for a total value of $242,774.00. Following the sale, the director now owns 10,500 shares of the company’s stock, valued at $1,820,805. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of Roper Technologies stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $171.54, for a total value of $686,160.00. Following the completion of the sale, the director now directly owns 14,038 shares in the company, valued at approximately $2,408,078.52. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in ROP. PGGM Investments increased its stake in Roper Technologies by 8.1% in the second quarter. PGGM Investments now owns 194,677 shares of the company’s stock worth $33,204,000 after buying an additional 14,567 shares in the last quarter. Bank of Montreal Can acquired a new position in Roper Technologies during the second quarter worth approximately $32,333,000. Zurich Insurance Group Ltd FI acquired a new position in Roper Technologies during the first quarter worth approximately $2,678,000. Aviva PLC boosted its position in Roper Technologies by 1.0% in the first quarter. Aviva PLC now owns 50,921 shares of the company’s stock worth $9,307,000 after buying an additional 518 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its position in Roper Technologies by 3.2% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,561 shares of the company’s stock worth $607,000 after buying an additional 111 shares during the last quarter. 94.58% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Company Profile
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
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