Brokerages Set Roper Technologies, Inc. (NYSE:ROP) Target Price at $615.20

Shares of Roper Technologies, Inc. (NYSE:ROP) have received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $615.20.

Several brokerages have weighed in on ROP. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Synovus Financial Corp raised its stake in Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Roper Technologies by 8.5% in the 3rd quarter. Tidal Investments LLC now owns 10,466 shares of the industrial products company’s stock worth $5,824,000 after buying an additional 823 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Roper Technologies by 1,227.8% during 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 buying an additional 4,371 shares in the last quarter. World Investment Advisors LLC lifted its holdings 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 acquiring an additional 100 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in Roper Technologies by 19.6% in the third quarter. Sanctuary Advisors LLC now owns 5,849 shares of the industrial products company’s stock worth $3,276,000 after acquiring an additional 960 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.5 %

ROP stock opened at $548.42 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock has a market capitalization of $58.81 billion, a P/E ratio of 40.12, a P/E/G ratio of 2.88 and a beta of 1.02. Roper Technologies has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The business has a 50-day moving average of $554.14 and a 200-day moving average of $551.56.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.32 earnings per share. On average, sell-side analysts anticipate that Roper Technologies will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 21.95%.

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.