Roper Technologies, Inc. (NYSE:ROP) has earned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $244.17.

Several analysts have commented on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research note on Monday, October 2nd. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $223.00 to $275.00 in a research note on Wednesday, September 20th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research note on Wednesday, July 12th. Finally, BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th.

In related news, Director Christopher Wright sold 500 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total transaction of $118,520.00. Following the completion of the sale, the director now directly owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the sale, the vice president now directly owns 14,571 shares of the company’s stock, valued at $3,569,895. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock valued at $2,754,530 over the last three months. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 106 shares during the period. Independent Portfolio Consultants Inc. boosted its position in Roper Technologies by 164.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 313 shares during the period. Tower Research Capital LLC TRC boosted its position in Roper Technologies by 34.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares during the period. Sun Life Financial INC boosted its position in Roper Technologies by 6,690.9% during the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 736 shares during the period. Finally, Creative Planning boosted its position in Roper Technologies by 12.7% during the 2nd quarter. Creative Planning now owns 807 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 91 shares during the period. 94.30% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies (NYSE:ROP) opened at 254.83 on Wednesday. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of 38.15 and a beta of 1.04. The company has a 50-day moving average price of $244.71 and a 200 day moving average price of $231.76. Roper Technologies has a 12 month low of $167.50 and a 12 month high of $256.06.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. Roper Technologies’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. Equities analysts predict that Roper Technologies will post $9.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio is presently 20.96%.

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About Roper Technologies

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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