Shares of Roper Technologies Inc (NYSE:ROP) have been given a consensus rating of “Buy” by the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $254.60.
A number of research analysts recently weighed in on ROP shares. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a report on Monday, October 2nd. Robert W. Baird upped their price objective on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Royal Bank of Canada upped their price objective on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Cowen reaffirmed a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Oppenheimer upped their price objective on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st.
Shares of Roper Technologies (ROP) opened at $267.02 on Monday. Roper Technologies has a 52 week low of $184.55 and a 52 week high of $267.83. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $27,332.70, a P/E ratio of 38.75, a PEG ratio of 2.15 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. research analysts forecast that Roper Technologies will post 9.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.4125 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, January 8th. This represents a $1.65 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio is 20.32%.
In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the sale, the chief executive officer now owns 1,448,575 shares of the company’s stock, valued at $376,093,527.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Wright sold 250 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the sale, the director now directly owns 64,450 shares in the company, valued at approximately $16,669,348. The disclosure for this sale can be found here. Insiders sold 86,950 shares of company stock worth $22,574,581 in the last three months. 2.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Roper Technologies by 34.8% during the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 152 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Roper Technologies by 113.6% during the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 350 shares during the last quarter. Zions Bancorporation boosted its stake in shares of Roper Technologies by 3,457.9% during the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 657 shares during the last quarter. Sun Life Financial INC boosted its stake in shares of Roper Technologies by 6,690.9% during the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 736 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Roper Technologies during the second quarter valued at $190,000. 93.46% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Roper Technologies Inc (ROP) Given Average Recommendation of “Buy” by Analysts” was first published by Equities Focus and is owned by of Equities Focus. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.equitiesfocus.com/2018/01/08/roper-technologies-inc-rop-given-average-recommendation-of-buy-by-analysts.html.
About Roper Technologies
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.