Roper Technologies, Inc. (NYSE:ROP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Roper Technologies, Inc. (NYSE:ROP) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $624.11.

Several equities analysts have recently weighed in on the company. Truist Financial restated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays reissued an “underweight” rating and issued a $569.00 price target (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Finally, Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company.

Insider Buying and Selling at Roper Technologies

In related 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 value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sterneck Capital Management LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $226,000. Nordea Investment Management AB boosted its stake in shares of Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares during the period. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 59.8% in the fourth quarter. GAMMA Investing LLC now owns 1,072 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 401 shares during the period. Versant Capital Management Inc increased its stake in Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after buying an additional 33 shares during the period. Finally, First Financial Bank Trust Division lifted its holdings in Roper Technologies by 28.0% during the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock worth $5,574,000 after buying an additional 2,343 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $507.10 on Wednesday. Roper Technologies has a 1-year low of $504.53 and a 1-year high of $580.09. The company has a market cap of $54.38 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.84 and a beta of 1.04. 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 50 day simple moving average of $545.06 and a 200-day simple moving average of $548.56.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data 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 company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.32 earnings per share. On average, equities research analysts expect that Roper Technologies will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

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.