Roper Technologies (NYSE:ROP) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer started coverage on shares of Roper Technologies (NYSE:ROP) in a research report report published on Monday. The firm issued an outperform rating and a $630.00 price objective on the industrial products company’s stock.

A number of other equities research analysts have also commented on the stock. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays reissued an “underweight” rating and issued a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Truist Financial reaffirmed a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Mizuho upped their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $524.94 on Monday. The stock has a market capitalization of $56.29 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 2.84 and a beta of 1.02. The firm’s 50-day moving average price is $552.81 and its two-hundred day moving average price is $551.60. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies has a 1-year low of $508.22 and a 1-year high of $580.09.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.32 EPS. On average, equities analysts predict that Roper Technologies will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. Roper Technologies’s dividend payout ratio is 24.14%.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Trading of Roper Technologies

Several hedge funds have recently bought and sold shares of the stock. Fairscale Capital LLC bought a new stake in shares of Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies during the 3rd quarter worth about $28,000. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at about $31,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies in the third quarter valued at about $37,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Roper Technologies during the second quarter worth about $42,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.