Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Price Target at $619.50

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $619.50.

ROP has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roper Technologies

Institutional investors have recently bought and sold shares of the company. Vest Financial LLC grew its stake in shares of Roper Technologies by 13.8% during the 3rd quarter. Vest Financial LLC now owns 92,593 shares of the industrial products company’s stock worth $51,522,000 after purchasing an additional 11,247 shares during the period. Raymond James & Associates grew its stake in shares of Roper Technologies by 2.7% during the 3rd quarter. Raymond James & Associates now owns 226,419 shares of the industrial products company’s stock worth $125,989,000 after purchasing an additional 5,864 shares during the period. Capital Investment Advisors LLC grew its stake in shares of Roper Technologies by 15.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 2,881 shares of the industrial products company’s stock worth $1,603,000 after purchasing an additional 380 shares during the period. Blue Trust Inc. grew its stake in shares of Roper Technologies by 3.8% during the 3rd quarter. Blue Trust Inc. now owns 730 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 27 shares during the period. Finally, Net Worth Advisory Group acquired a new position in shares of Roper Technologies during the 3rd quarter worth $562,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Down 1.1 %

Shares of NYSE:ROP opened at $557.62 on Friday. The company has a market capitalization of $59.69 billion, a PE ratio of 40.47, a P/E/G ratio of 2.90 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Roper Technologies has a twelve month low of $474.46 and a twelve month high of $579.10. The firm has a 50 day simple moving average of $549.91 and a 200-day simple moving average of $545.28.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. On average, equities analysts predict that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.