Roper Technologies Inc (NYSE:ROP) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $292.04 and last traded at $292.17, with a volume of 155084 shares. The stock had previously closed at $288.97.
ROP has been the subject of several recent analyst reports. Wells Fargo set a $310.00 target price on shares of Roper Technologies and gave the stock a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reissued a “buy” rating and set a $330.00 price objective on shares of Roper Technologies in a report on Monday, February 5th. Royal Bank of Canada boosted their price objective on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, Canaccord Genuity boosted their price objective on shares of Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $298.58.
The company has a market capitalization of $29,186.27, a price-to-earnings ratio of 30.81, a P/E/G ratio of 2.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company earned $1.86 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. analysts anticipate that Roper Technologies Inc will post 11.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be issued a dividend of $0.4125 per share. The ex-dividend date is Friday, April 6th. This represents a $1.65 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 17.59%.
In other Roper Technologies news, Director Christopher Wright sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total value of $141,995.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian D. Jellison sold 74,589 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the completion of the transaction, the chief executive officer now owns 1,459,892 shares of the company’s stock, valued at $404,419,281.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,826 shares of company stock valued at $99,453,060. 2.50% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ROP. Advisors Asset Management Inc. boosted its position in shares of Roper Technologies by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 10,526 shares of the industrial products company’s stock worth $2,562,000 after purchasing an additional 521 shares during the period. Stephens Inc. AR boosted its position in shares of Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 350 shares during the period. Pacer Advisors Inc. boosted its position in shares of Roper Technologies by 10.3% in the third quarter. Pacer Advisors Inc. now owns 2,090 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 195 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Roper Technologies by 5.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,314 shares of the industrial products company’s stock worth $6,161,000 after purchasing an additional 1,199 shares during the period. Finally, ING Groep NV bought a new position in shares of Roper Technologies during the third quarter worth $347,000. Institutional investors and hedge funds own 94.33% 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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