Roper Technologies (NYSE:ROP) Upgraded by Baird R W to “Strong-Buy”

Baird R W upgraded shares of Roper Technologies (NYSE:ROP) from a hold rating to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.

Several other research firms have also recently weighed in on ROP. Barclays raised their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an overweight rating in a research report on Wednesday, July 10th. Royal Bank of Canada cut their price objective on Roper Technologies from $685.00 to $674.00 and set an outperform rating for the company in a report on Thursday. Mizuho raised their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research note on Monday, April 29th. Wolfe Research lowered Roper Technologies from an outperform rating to a peer perform rating in a research note on Thursday, June 13th. Finally, Robert W. Baird raised Roper Technologies from a neutral rating to an outperform rating and lifted their price target for the stock from $617.00 to $635.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $604.33.

Roper Technologies Stock Performance

Roper Technologies stock opened at $540.89 on Thursday. The firm’s 50 day simple moving average is $553.58 and its 200 day simple moving average is $545.30. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $57.90 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.02. Roper Technologies has a 1-year low of $474.46 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned $3.90 earnings per share. Roper Technologies’s revenue was up 14.4% on a year-over-year basis. As a group, analysts expect that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.75 dividend. The ex-dividend date was Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s payout ratio is 21.77%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Christopher Wright sold 300 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Roper Technologies

Institutional investors have recently modified their holdings of the business. LGT Group Foundation boosted its position in shares of Roper Technologies by 4.9% during the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after buying an additional 1,804 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Roper Technologies by 236.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock valued at $4,493,000 after acquiring an additional 5,789 shares during the period. Schwartz Investment Counsel Inc. lifted its holdings in Roper Technologies by 3.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock valued at $61,441,000 after acquiring an additional 3,500 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after acquiring an additional 7,768 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Roper Technologies by 229.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock valued at $2,865,000 after acquiring an additional 3,660 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

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.