Roper Technologies, Inc. (ROP) Given Average Recommendation of “Buy” by Brokerages

Shares of Roper Technologies, Inc. (NYSE:ROP) have received a consensus recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $224.38.

A number of research analysts recently weighed in on ROP shares. J P Morgan Chase & Co lowered shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 target price for the company. in a report on Friday, March 24th. Cowen and Company reissued an “outperform” rating and issued a $250.00 target price (up from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Barclays PLC raised their target price on shares of Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 target price for the company in a report on Monday, May 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $245.00 target price on shares of Roper Technologies in a report on Tuesday, April 11th.

Shares of Roper Technologies (ROP) opened at 235.25 on Tuesday. Roper Technologies has a 12-month low of $159.28 and a 12-month high of $235.50. The company’s 50-day moving average is $225.07 and its 200-day moving average is $205.79. The stock has a market cap of $24.00 billion, a P/E ratio of 36.31 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 28th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.12. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $1.81 EPS. The company’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that Roper Technologies will post $9.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 21.60%.

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In related news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the completion of the sale, the director now directly owns 66,104 shares in the company, valued at $15,117,984.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in 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 increased its stake in 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. Bessemer Group Inc. increased its stake in Roper Technologies by 0.7% in the fourth quarter. Bessemer Group Inc. now owns 3,083 shares of the industrial products company’s stock valued at $565,000 after buying an additional 21 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Roper Technologies by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,815 shares of the industrial products company’s stock valued at $1,065,000 after buying an additional 27 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in 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. Institutional investors own 97.07% of the company’s stock.

Roper Technologies Company Profile

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