Roper Technologies (NYSE:ROP) has been assigned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $301.55.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective on the stock in a research report on Monday, January 22nd. ValuEngine raised shares of Roper Technologies from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Citigroup reissued an “outperform” rating and issued a $335.00 price objective (up from $275.00) on shares of Roper Technologies in a research report on Monday, February 5th. Canaccord Genuity increased their price objective on shares of Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price objective on shares of Roper Technologies in a research report on Monday, February 5th.
In other news, Director Christopher Wright sold 500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total transaction of $141,995.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian D. Jellison sold 74,589 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the transaction, the chief executive officer now owns 1,459,892 shares in the company, valued at $404,419,281.84. The disclosure for this sale can be found here. Insiders sold a total of 321,606 shares of company stock worth $89,142,747 over the last 90 days. Insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $214,000. Xact Kapitalforvaltning AB boosted its stake in shares of Roper Technologies by 5.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 33,224 shares of the industrial products company’s stock valued at $8,605,000 after purchasing an additional 1,652 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Roper Technologies by 13.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 57,391 shares of the industrial products company’s stock valued at $14,864,000 after purchasing an additional 6,836 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Roper Technologies by 799.5% during the fourth quarter. William Blair Investment Management LLC now owns 88,743 shares of the industrial products company’s stock valued at $22,984,000 after purchasing an additional 78,877 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Roper Technologies by 61.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the industrial products company’s stock valued at $1,295,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 94.34% of the company’s stock.
Roper Technologies stock opened at $276.75 on Wednesday. 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 has a 1-year low of $206.16 and a 1-year high of $292.97. The stock has a market capitalization of $28,082.94, a P/E ratio of 29.38, a PEG ratio of 2.00 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. sell-side analysts expect that Roper Technologies will post 11.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be paid a $0.4125 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.65 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s dividend payout ratio is currently 17.52%.
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Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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