Wells Fargo & Co set a $310.00 price target on Roper Technologies (NYSE:ROP) in a research note issued to investors on Thursday. The firm currently has a buy rating on the industrial products company’s stock.
A number of other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Roper Technologies from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Robert W. Baird raised their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a neutral rating in a research note on Tuesday, October 31st. Oppenheimer raised their target price on shares of Roper Technologies from $257.00 to $275.00 and gave the stock an outperform rating in a research note on Tuesday, October 31st. Royal Bank of Canada raised their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an outperform rating in a research note on Tuesday, October 31st. Finally, Cowen restated a buy rating and set a $250.00 target price on shares of Roper Technologies in a research note on Thursday, October 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of Buy and an average price target of $260.75.
Shares of Roper Technologies (NYSE ROP) opened at $275.69 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07. The stock has a market cap of $28,220.18, a PE ratio of 32.17, a PEG ratio of 2.22 and a beta of 1.06. Roper Technologies has a 12 month low of $185.11 and a 12 month high of $277.41.
Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. Roper Technologies’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 EPS. research analysts forecast that Roper Technologies will post 9.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a $0.4125 dividend. This is a boost 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 0.60%. Roper Technologies’s payout ratio is 23.95%.
In other Roper Technologies news, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction dated 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 owns 64,450 shares in the company, valued at approximately $16,669,348. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the sale, the chief executive officer now owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. Insiders sold a total of 198,759 shares of company stock valued at $53,547,538 in the last quarter. Corporate insiders own 2.50% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in Roper Technologies by 34.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 152 shares in the last quarter. Stephens Inc. AR increased its holdings in Roper Technologies by 113.6% in the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after buying an additional 350 shares during the period. Zions Bancorporation increased its holdings in Roper Technologies by 3,457.9% in the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after buying an additional 657 shares during the period. Sun Life Financial INC increased its holdings in Roper Technologies by 6,690.9% in the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after buying an additional 736 shares during the period. Finally, Westwood Holdings Group Inc. bought a new position in Roper Technologies in the 2nd quarter valued at about $190,000. Institutional investors and hedge funds own 93.55% of the company’s stock.
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Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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