Roper Technologies, Inc. (NYSE:ROP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $623.60.

Several research firms have issued reports on ROP. Robert W. Baird set a $665.00 price target on Roper Technologies in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,101 shares of company stock worth $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Large investors have recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the fourth quarter valued at about $26,000. Putney Financial Group LLC bought a new stake in Roper Technologies during the fourth quarter valued at about $31,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies during the fourth quarter valued at about $36,000. Parvin Asset Management LLC bought a new stake in Roper Technologies during the fourth quarter valued at about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

NYSE ROP opened at $572.18 on Monday. The stock has a market capitalization of $61.44 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $595.17. The business’s fifty day moving average is $564.14 and its two-hundred day moving average is $552.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

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.