Several brokerages have updated their recommendations and price targets on shares of Roper Technologies (NYSE: ROP) in the last few weeks:

  • 7/17/2017 – Roper Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Roper has outperformed the S&P 500 on a year-to-date basis. The stock benefitted from good first-quarter results as well as raised guidance. We continue to believe that the Roper’s asset-light business model will boost financial performance in the long run. Also, winning of key projects like New York City’s MTA project are long term growth drivers. Its aggressive acquisition strategy will continue to help boost its performance. In 2016, Roper spent nearly $3.7 billion in software acquisitions, which include ConstructConnect and Deltek, which will help boost its performance especially in the software and network businesses. Meanwhile, estimates have been stable lately ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, stiff competition, weakness in oil and gas, and a leveraged balance sheet remain overhangs. “
  • 7/12/2017 – Roper Technologies had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $248.00 price target on the stock.
  • 7/7/2017 – Roper Technologies had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $242.00 price target on the stock.
  • 7/5/2017 – Roper Technologies had its price target raised by analysts at Raymond James Financial, Inc. from $253.00 to $268.00.
  • 7/4/2017 – Roper Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $259.00 price target on the stock. According to Zacks, “We continue to believe that the Roper’s asset-light business model will boost financial performance in the long run. Also, winning of key projects like New York City’s MTA project are long term growth drivers. Its aggressive acquisition strategy will continue to help boost its performance. In 2016, Roper spent nearly $3.7 billion in software acquisitions, which include ConstructConnect and Deltek, which will help boost its performance especially in the software and network businesses. Shares have outperformed the broader market in the past one year. Following good first quarter 2017 results, management raised earnings per share guidance for the current year. For 2017, the company expects adjusted earnings per share in a range of $8.98–$9.28, compared with $8.82–$9.22 projected earlier. However, stiff competition, weakness in oil and gas, and a leveraged balance sheet remain overhangs. “

Roper Technologies, Inc. (NYSE ROP) opened at 236.54 on Tuesday. The stock’s 50 day moving average price is $227.90 and its 200-day moving average price is $208.27. Roper Technologies, Inc. has a 12 month low of $159.28 and a 12 month high of $238.49. The firm has a market capitalization of $24.13 billion, a P/E ratio of 36.51 and a beta of 1.05.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 28th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.12. Roper Technologies had a return on equity of 12.81% and a net margin of 16.74%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post $9.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.60%.

In other news, Director Christopher Wright sold 1,800 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the completion of the sale, the director now owns 66,104 shares in the company, valued at $15,117,984.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by company insiders.

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