Roper Technologies, Inc. (NYSE:ROP) Given Average Recommendation of "Moderate Buy" by Brokerages – MarketBeat

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Shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) have been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $492.80.
ROP has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on Roper Technologies from $540.00 to $412.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. StockNews.com downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Oppenheimer set a $500.00 price objective on Roper Technologies in a research report on Monday, June 20th. Finally, Barclays cut their target price on Roper Technologies from $500.00 to $480.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 250 shares of Roper Technologies 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 owns 5,869 shares of the company’s stock, valued at approximately $2,604,016.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Roper Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Roper Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,740,029 shares of the industrial products company’s stock worth $4,127,304,000 after acquiring an additional 57,473 shares in the last quarter. State Street Corp lifted its position in Roper Technologies by 1.7% in the fourth quarter. State Street Corp now owns 4,330,296 shares of the industrial products company’s stock valued at $2,129,899,000 after acquiring an additional 72,788 shares during the last quarter. Principal Financial Group Inc. lifted its position in Roper Technologies by 7.0% in the first 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 acquiring an additional 152,329 shares during the last quarter. Flossbach Von Storch AG lifted its position in Roper Technologies by 21.3% in the first quarter. Flossbach Von Storch AG now owns 1,397,519 shares of the industrial products company’s stock valued at $659,950,000 after acquiring an additional 245,342 shares during the last quarter. Finally, Durable Capital Partners LP lifted its position in Roper Technologies by 51.3% in the first quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after acquiring an additional 473,168 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Roper Technologies Trading Up 1.8 %

ROP opened at $395.15 on Friday. The stock has a market cap of $41.85 billion, a PE ratio of 14.61, a PEG ratio of 2.38 and a beta of 1.03. The company has a quick ratio of 1.22, a current ratio of 1.28 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $409.12 and a 200-day moving average of $439.79. Roper Technologies has a 52 week low of $369.51 and a 52 week high of $505.00.
Roper Technologies (NYSE:ROP – Get Rating) last released its earnings results on Tuesday, April 26th. The industrial products company reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.08. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Roper Technologies had a return on equity of 13.36% and a net margin of 47.36%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.60 EPS. Equities research analysts predict that Roper Technologies will post 15.61 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is 9.17%.

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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Analyst Recommendations for Roper Technologies (NYSE:ROP)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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