Roper Technologies (ROP) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Roper Technologies (NYSE: ROP):

  • 2/5/2018 – Roper Technologies had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $330.00 price target on the stock.
  • 2/5/2018 – Roper Technologies had its price target raised by analysts at Canaccord Genuity from $260.00 to $310.00. They now have a “hold” rating on the stock.
  • 2/5/2018 – Roper Technologies had its “hold” rating reaffirmed by analysts at Robert W. Baird.
  • 2/5/2018 – Roper Technologies had its price target raised by analysts at Royal Bank of Canada to $319.00. They now have an “outperform” rating on the stock.
  • 2/5/2018 – Roper Technologies had its “outperform” rating reaffirmed by analysts at Citigroup Inc. They now have a $335.00 price target on the stock, up previously from $275.00.
  • 2/1/2018 – Roper Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Roper shares have outperformed the industry in the past one-year. The company has an optimum mix of highly engineered and niche-oriented products, which help it to gain market share. Moreover, Roper's unique asset light business model not only lowers its dependence on large-scale production equipment but also helps it to generate strong cash flow quickly. This coupled with improving balance sheet is helping it to pursue strategic acquisitions. Estimates have remained stable ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. However, sluggish global macroeconomic conditions and stiff competition remain headwinds. Besides, Roper’s policy of acquiring a large number of companies adds to the integration risks. Higher interest rate on its debt remains an overhang on profitability.”
  • 1/22/2018 – Roper Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $309.00 price target on the stock. According to Zacks, “Roper shares have outperformed the industry in the past one-year. The company has an optimum mix of highly engineered and niche-oriented products, which help it to gain market share. Moreover, Roper's unique asset light business model not only lowers its dependence on large-scale production equipment but also helps it to generate strong cash flow quickly. This coupled with improving balance sheet is helping it to pursue strategic acquisitions. Successful integration of the acquisitions has contributed meaningfully to the top line and margins. Furthermore, Roper holds a dominant position in most of the markets where it operates.  However, sluggish global macroeconomic conditions and stiff competition remain headwinds.                                                             “
  • 1/18/2018 – Roper Technologies was given a new $310.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 1/2/2018 – Roper Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Roper shares outperformed the industry in the past one year. The company has an optimum mix of highly engineered and niche-oriented products, which help it to gain market share. Moreover, Roper's unique asset light business model not only lowers its dependence on large-scale production equipment but also helps it to generate strong cash flow quickly. This coupled with improving balance sheet is helping it to pursue strategic acquisitions. Successful integration of the acquisitions has contributed meaningfully to the top line and margins. Furthermore, Roper holds a dominant position in most of the markets where it operates.  However, sluggish global macroeconomic conditions and stiff competition remain headwinds.                                                             “

Shares of Roper Technologies Inc (ROP) opened at $261.53 on Monday. Roper Technologies Inc has a 52 week low of $203.01 and a 52 week high of $290.42. The company has a market cap of $26,770.79, a price-to-earnings ratio of 27.88, a PEG ratio of 1.91 and a beta of 1.08. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the business earned $1.86 EPS. The business’s revenue was up 21.2% on a year-over-year basis. equities research analysts expect that Roper Technologies Inc will post 11.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a $0.4125 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, January 8th. This represents a $1.65 annualized dividend and a dividend yield of 0.63%. Roper Technologies’s dividend payout ratio (DPR) is 17.59%.

In related news, Director Robert D. Johnson sold 1,200 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the sale, the director now owns 9,700 shares in the company, valued at $2,522,291. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the sale, the chief executive officer now owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. Insiders sold 439,526 shares of company stock valued at $120,362,826 in the last quarter. Company insiders own 2.50% of the company’s stock.

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

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