Barclays Trims Roper Technologies (NYSE:ROP) Target Price to $480.00 – Defense World
Posted by admin on Jul 11th, 2022 
Roper Technologies (NYSE:ROP – Get Rating) had its price objective trimmed by Barclays from $500.00 to $480.00 in a research note published on Friday, The Fly reports. The brokerage currently has an overweight rating on the industrial products company’s stock.
ROP has been the subject of several other reports. The Goldman Sachs Group cut their target price on shares of Roper Technologies from $540.00 to $412.00 and set a neutral rating for the company in a research note on Thursday, June 23rd. Oppenheimer set a $500.00 target price on shares of Roper Technologies in a research note on Monday, June 20th. Finally, StockNews.com cut shares of Roper Technologies from a buy rating to a hold rating in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $492.80.
NYSE ROP opened at $402.02 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $415.14 and a 200 day simple moving average of $442.48. The company has a market cap of $42.58 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.45 and a beta of 1.03. Roper Technologies has a 1 year low of $369.51 and a 1 year high of $505.00.
Roper Technologies (NYSE:ROP – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.08. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. Roper Technologies had a net margin of 47.36% and a return on equity of 13.36%. Roper Technologies’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.60 EPS. Equities research analysts forecast that Roper Technologies will post 15.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Stockholders of record on Friday, July 8th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is presently 9.17%.
In other Roper Technologies news, Director Robert D. Johnson sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total transaction of $110,922.50. Following the sale, the director now directly owns 5,869 shares in the company, valued at approximately $2,604,016.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Roper Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,740,029 shares of the industrial products company’s stock valued at $4,127,304,000 after buying an additional 57,473 shares during the last quarter. State Street Corp increased its position in shares of Roper Technologies by 1.7% during the 4th quarter. State Street Corp now owns 4,330,296 shares of the industrial products company’s stock valued at $2,129,899,000 after purchasing an additional 72,788 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Roper Technologies by 7.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,337,665 shares of the industrial products company’s stock valued at $1,103,915,000 after purchasing an additional 152,329 shares during the last quarter. Flossbach Von Storch AG increased its position in shares of Roper Technologies by 21.3% during the 1st quarter. Flossbach Von Storch AG now owns 1,397,519 shares of the industrial products company’s stock valued at $659,950,000 after purchasing an additional 245,342 shares during the last quarter. Finally, Durable Capital Partners LP increased its position in shares of Roper Technologies by 51.3% during the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after purchasing an additional 473,168 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.
Roper Technologies Company Profile (Get Rating)
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
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