Roper Technologies, Inc. (ROP) Given Consensus Rating of “Buy” by Brokerages

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $253.67.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a report on Monday, October 2nd. Robert W. Baird lifted their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. BidaskClub lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company reiterated a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st.

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Roper Technologies (NYSE:ROP) opened at $256.34 on Friday. Roper Technologies has a 52 week low of $179.96 and a 52 week high of $261.37. 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 cap of $26,220.00, a PE ratio of 29.94, a P/E/G ratio of 2.23 and a beta of 1.05.

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 analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. analysts predict that Roper Technologies will post 9.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.35%.

In related news, Director Christopher Wright sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total transaction of $118,520.00. Following the completion of the transaction, the director now owns 64,604 shares in the company, valued at approximately $15,313,732.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,750 shares of company stock valued at $2,681,690. 2.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Roper Technologies by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares during the last quarter. Harding Loevner LP grew its position in Roper Technologies by 293.8% during the 3rd quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares during the last quarter. Principal Financial Group Inc. grew its position in Roper Technologies by 3.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares during the last quarter. American Century Companies Inc. grew its position in Roper Technologies by 0.8% during the 3rd quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after purchasing an additional 10,548 shares during the last quarter. Finally, Northern Trust Corp grew its position in Roper Technologies by 0.5% during the 2nd quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after purchasing an additional 5,279 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

About Roper Technologies

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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