Barclays began coverage on shares of Roper Technologies (NYSE:ROP) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $285.00 target price on the industrial products company’s stock.
A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Roper Technologies from a hold rating to a buy rating and set a $309.00 price target on the stock in a research report on Monday, January 22nd. Royal Bank of Canada upped their price target on Roper Technologies from $259.00 to $282.00 and gave the company an outperform rating in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a buy rating on shares of Roper Technologies in a research report on Monday, October 30th. Wells Fargo & Co set a $310.00 price target on Roper Technologies and gave the company a buy rating in a research report on Thursday, January 18th. Finally, Robert W. Baird upped their price target on Roper Technologies from $238.00 to $257.00 and gave the company a neutral rating in a research report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Roper Technologies presently has an average rating of Buy and an average price target of $289.08.
Roper Technologies (NYSE:ROP) opened at $276.31 on Thursday. The stock has a market capitalization of $28,283.64, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 2.02 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. Roper Technologies has a 12 month low of $203.50 and a 12 month high of $290.42.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.09. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. equities research analysts expect that Roper Technologies will post 11.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.4125 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s dividend payout ratio is 17.59%.
In related news, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $260.03, for a total transaction of $312,036.00. Following the sale, the director now owns 9,700 shares of the company’s stock, valued at approximately $2,522,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian D. Jellison sold 215,411 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $277.22, for a total value of $59,716,237.42. Following the sale, the chief executive officer now directly owns 1,564,778 shares in the company, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. Insiders have sold a total of 439,526 shares of company stock worth $120,362,826 in the last three months. 2.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ROP. Gotham Asset Management LLC purchased a new stake in Roper Technologies during the 2nd quarter worth about $260,000. Shell Asset Management Co. lifted its holdings in Roper Technologies by 75.9% during the 3rd quarter. Shell Asset Management Co. now owns 23,861 shares of the industrial products company’s stock worth $3,491,000 after purchasing an additional 10,293 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Roper Technologies during the 3rd quarter worth about $375,000. Howe & Rusling Inc. purchased a new stake in Roper Technologies during the 3rd quarter worth about $305,000. Finally, Tributary Capital Management LLC lifted its holdings in Roper Technologies by 29.7% during the 3rd quarter. Tributary Capital Management LLC now owns 10,250 shares of the industrial products company’s stock worth $2,495,000 after purchasing an additional 2,350 shares in the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.
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About Roper Technologies
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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