Roper Technologies (NYSE:ROP) Price Target Lowered to $680.00 at Royal Bank of Canada

Roper Technologies (NYSE:ROP) had its price target lowered by Royal Bank of Canada from $696.00 to $680.00 in a research report released on Monday, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

A number of other research analysts also recently weighed in on ROP. Mizuho increased their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research report on Monday. Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Wells Fargo & Company upped their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a report on Monday, January 22nd. Oppenheimer upped their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a report on Friday, March 22nd. Finally, Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $579.83.

Roper Technologies Stock Down 2.5 %

Shares of Roper Technologies stock opened at $513.58 on Monday. The company has a market cap of $54.96 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The company’s 50 day moving average is $544.42 and its 200 day moving average is $533.92. Roper Technologies has a twelve month low of $441.06 and a twelve month high of $565.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.90 earnings per share. Research analysts anticipate that Roper Technologies will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds have recently made changes to their positions in ROP. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies in the third quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Roper Technologies in the third quarter worth about $27,000. Rise Advisors LLC purchased a new stake in shares of Roper Technologies in the first quarter worth about $27,000. Independence Bank of Kentucky purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.