Roper Technologies (NYSE:ROP) Sees Strong Trading Volume – Here’s Why

Roper Technologies, Inc. (NYSE:ROP) shares saw unusually-high trading volume on Friday . Approximately 351,147 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 499,769 shares.The stock last traded at $521.74 and had previously closed at $521.75.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays reaffirmed an “underweight” rating and issued a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Roper Technologies Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock’s fifty day moving average is $553.33 and its two-hundred day moving average is $551.58. The firm has a market capitalization of $56.37 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 2.84 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business posted $4.32 earnings per share. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC grew its stake in Roper Technologies by 0.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 307,357 shares of the industrial products company’s stock worth $171,026,000 after buying an additional 891 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of 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 buying an additional 961 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Roper Technologies by 8.5% during the third 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 period. Wilmington Savings Fund Society FSB increased its position in Roper Technologies by 1,227.8% in 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 acquiring an additional 4,371 shares during the period. Finally, World Investment Advisors LLC raised its stake in Roper Technologies by 1.4% during 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 in the last quarter. Institutional investors 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.