Roper Technologies (NYSE:ROP) Price Target Raised to $695.00

Roper Technologies (NYSE:ROP) had its price objective increased by Royal Bank of Canada from $694.00 to $695.00 in a report released on Tuesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on the stock. Oppenheimer restated an “outperform” rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday. Robert W. Baird boosted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday. Raymond James reaffirmed 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 Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upped their price target on Roper Technologies from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.91.

Roper Technologies Trading Down 0.4 %

NYSE:ROP opened at $557.59 on Tuesday. 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 company’s 50 day moving average is $567.24 and its 200-day moving average is $554.72. The firm has a market cap of $59.95 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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 previous year, the business earned $4.41 earnings per share. Roper Technologies’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Roper Technologies will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares in the company, valued at $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Roper Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth $26,000. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter worth about $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies during the 4th quarter valued at about $31,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the 1st quarter valued at about $31,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

About Roper Technologies

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.