Roper Technologies, Inc. (NYSE:ROP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $632.36.

A number of analysts recently issued reports on ROP shares. Royal Bank of Canada increased their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Raymond James reissued a “strong-buy” rating and set a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Robert W. Baird increased their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Truist Financial reissued a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th.

Roper Technologies Trading Up 0.9%

NYSE ROP opened at $569.29 on Friday. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a 50-day moving average of $564.81 and a 200-day moving average of $557.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market cap of $61.21 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last posted 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 net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the company posted $4.41 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.81%.

Hedge Funds Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC boosted its stake in shares of Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after buying an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its stake in shares of Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after buying an additional 18 shares during the last quarter. Endowment Wealth Management Inc. boosted its stake in shares of Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company’s stock valued at $327,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC boosted its stake in shares of Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company’s stock valued at $1,221,000 after buying an additional 19 shares during the last quarter. Finally, My Legacy Advisors LLC boosted its stake in shares of Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company’s stock valued at $751,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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.