Stifel Nicolaus reissued their buy rating on shares of Roper Technologies, Inc. (NYSE:ROP) in a report published on Friday. The firm currently has a $242.00 target price on the industrial products company’s stock.
Several other research analysts also recently commented on ROP. J P Morgan Chase & Co downgraded shares of Roper Technologies from an overweight rating to a neutral rating and set a $219.00 target price on the stock. in a report on Friday, March 24th. Royal Bank of Canada reiterated a buy rating and issued a $245.00 target price on shares of Roper Technologies in a report on Tuesday, April 11th. Cowen and Company reiterated an outperform rating and issued a $250.00 target price (up previously from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Barclays PLC dropped their target price on shares of Roper Technologies from $223.00 to $221.00 and set an overweight rating on the stock in a report on Wednesday, April 19th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a hold rating to a buy rating and set a $244.00 target price on the stock in a report on Monday, May 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $235.80.
Shares of Roper Technologies (NYSE ROP) traded up 1.030% during mid-day trading on Friday, reaching $236.865. The company had a trading volume of 216,046 shares. The company’s 50-day moving average is $227.90 and its 200 day moving average is $208.27. Roper Technologies has a 52-week low of $159.28 and a 52-week high of $236.87. The stock has a market capitalization of $24.17 billion, a P/E ratio of 36.559 and a beta of 1.05.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 28th. The industrial products company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.99 by $0.12. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. Analysts anticipate that Roper Technologies will post $9.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be given a $0.35 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $1.40 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio is 21.60%.
In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $228.70, for a total value of $411,660.00. Following the sale, the director now directly owns 66,104 shares in the company, valued at approximately $15,117,984.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its stake in shares of Roper Technologies by 0.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,419 shares of the industrial products company’s stock valued at $293,000 after buying an additional 5 shares during the period. Montecito Bank & Trust raised its stake in shares of Roper Technologies by 0.7% in the first quarter. Montecito Bank & Trust now owns 1,769 shares of the industrial products company’s stock valued at $365,000 after buying an additional 12 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares during the period. Cleararc Capital Inc. raised its stake in shares of Roper Technologies by 1.4% in the first quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock valued at $516,000 after buying an additional 35 shares during the period. Finally, Lakeview Capital Partners LLC raised its stake in shares of Roper Technologies by 3.4% in the first quarter. Lakeview Capital Partners LLC now owns 1,214 shares of the industrial products company’s stock valued at $251,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.
Roper Technologies Company Profile
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