Roper Technologies (NYSE:ROP) Sets New 12-Month High Following Analyst Upgrade

Roper Technologies, Inc. (NYSE:ROP) shares hit a new 52-week high during mid-day trading on Wednesday after Royal Bank of Canada raised their price target on the stock from $694.00 to $695.00. Royal Bank of Canada currently has an outperform rating on the stock. Roper Technologies traded as high as $560.90 and last traded at $560.08, with a volume of 670302 shares. The stock had previously closed at $556.17.

Several other equities research analysts have also recently issued reports on the stock. Raymond James restated a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays reiterated an “underweight” rating on shares of Roper Technologies in a report on Monday. JPMorgan Chase & Co. raised their target price on Roper Technologies from $465.00 to $470.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $620.91.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co raised its holdings in Roper Technologies by 6.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company’s stock valued at $2,510,000 after acquiring an additional 255 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Roper Technologies by 1.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company’s stock valued at $3,957,000 after purchasing an additional 100 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Roper Technologies by 1,227.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,727 shares of the industrial products company’s stock valued at $2,630,000 after purchasing an additional 4,371 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Roper Technologies by 8.5% during the 3rd quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company’s stock worth $5,824,000 after purchasing an additional 823 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after purchasing an additional 961 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.4 %

The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $59.95 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The firm has a fifty day moving average of $567.24 and a 200 day moving average of $554.72.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.41 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is presently 23.81%.

Roper Technologies Company Profile

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.