Barclays Boosts Roper Technologies (NYSE:ROP) Price Target to $355.00

Roper Technologies (NYSE:ROP) had its price target raised by Barclays from $342.00 to $355.00 in a research note published on Tuesday morning, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

ROP has been the subject of several other research reports. Argus increased their target price on shares of Waste Management from $110.00 to $115.00 and gave the stock a buy rating in a research note on Friday, April 26th. Raymond James restated a hold rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. Zacks Investment Research downgraded shares of Granite Point Mortgage Trust from a buy rating to a hold rating in a research report on Tuesday, March 19th. Oppenheimer initiated coverage on shares of in a research report on Tuesday, April 9th. They issued an outperform rating and a $55.00 price objective for the company. Finally, Stephens reiterated a hold rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $357.30.

Shares of ROP stock opened at $380.38 on Tuesday. The business’s 50-day moving average price is $362.60. The stock has a market capitalization of $38.92 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 2.63 and a beta of 1.16. Roper Technologies has a 1 year low of $245.59 and a 1 year high of $380.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.10.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, April 25th. The industrial products company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.52. Roper Technologies had a net margin of 20.90% and a return on equity of 17.00%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $2.61 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts forecast that Roper Technologies will post 12.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Monday, July 8th will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.49%. Roper Technologies’s payout ratio is 15.66%.

In other news, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $344.76, for a total transaction of $258,570.00. Following the completion of the transaction, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $2,654,652. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Knowling, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $363.44, for a total transaction of $726,880.00. Following the transaction, the director now directly owns 12,918 shares of the company’s stock, valued at $4,694,917.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,750 shares of company stock valued at $17,659,170. Insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. SPC Financial Inc. increased its stake in shares of Roper Technologies by 0.9% during the 1st quarter. SPC Financial Inc. now owns 3,305 shares of the industrial products company’s stock worth $1,130,000 after purchasing an additional 30 shares in the last quarter. CWM Advisors LLC grew its stake in Roper Technologies by 2.5% in the 4th quarter. CWM Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 33 shares during the period. Charter Trust Co. grew its stake in Roper Technologies by 3.9% in the 1st quarter. Charter Trust Co. now owns 910 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 34 shares during the period. Financial Counselors Inc. grew its stake in Roper Technologies by 0.7% in the 1st quarter. Financial Counselors Inc. now owns 5,370 shares of the industrial products company’s stock worth $1,836,000 after acquiring an additional 38 shares during the period. Finally, Essex Financial Services Inc. grew its stake in Roper Technologies by 3.7% in the 1st quarter. Essex Financial Services Inc. now owns 1,107 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 40 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

About Roper Technologies

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.

See Also: Why Dividend Stocks May Be Right for You

Analyst Recommendations for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.