Roper Technologies Inc (ROP) Given Average Recommendation of “Buy” by Analysts

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.

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About Roper Technologies

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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