Roper Technologies (NYSE:ROP) had its price target upped by JPMorgan Chase & Co. from $291.00 to $298.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the industrial products company’s stock.
A number of other equities research analysts have also recently commented on ROP. Zacks Investment Research cut Roper Technologies from a buy rating to a hold rating and set a $394.00 target price on the stock. in a research note on Monday, September 9th. ValuEngine cut Roper Technologies from a buy rating to a hold rating in a research note on Tuesday, September 10th. Oppenheimer lifted their target price on Roper Technologies from $375.00 to $400.00 in a research note on Tuesday, July 9th. Raymond James lifted their target price on Roper Technologies from $370.00 to $394.00 and gave the stock an outperform rating in a research note on Wednesday, July 3rd. Finally, Barclays boosted their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a research note on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $376.80.
Shares of NYSE ROP traded down $3.78 during mid-day trading on Thursday, reaching $338.70. 295,100 shares of the company’s stock were exchanged, compared to its average volume of 440,870. The firm has a market capitalization of $35.37 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 2.09 and a beta of 1.14. Roper Technologies has a 52 week low of $245.59 and a 52 week high of $385.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97. The firm has a 50-day moving average price of $355.58 and a two-hundred day moving average price of $357.54.
Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping the Zacks’ consensus estimate of $3.05 by $0.02. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 EPS. As a group, sell-side analysts forecast that Roper Technologies will post 13.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Friday, October 4th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, October 3rd. Roper Technologies’s dividend payout ratio is currently 15.66%.
In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the sale, the director now directly owns 9,080 shares in the company, valued at approximately $3,296,403.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy Woods Brinkley sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the completion of the sale, the director now owns 15,380 shares in the company, valued at $5,545,105.20. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ROP. Krane Funds Advisors LLC purchased a new position in Roper Technologies during the 2nd quarter valued at about $25,000. Captrust Financial Advisors grew its holdings in Roper Technologies by 227.3% during the 2nd quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Coastal Investment Advisors Inc. purchased a new position in Roper Technologies during the 2nd quarter valued at about $30,000. Advisory Alpha LLC purchased a new position in Roper Technologies during the 1st quarter valued at about $35,000. Finally, MUFG Americas Holdings Corp grew its holdings in Roper Technologies by 83.0% during the 2nd quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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