Analysts Set Roper Technologies (ROP) Price Target at $301.55

Shares of Roper Technologies (NYSE:ROP) have been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $301.25.

ROP has been the topic of several research reports. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Cowen reiterated a “buy” rating and set a $310.00 price objective on shares of Roper Technologies in a report on Tuesday, March 6th. Wells Fargo set a $310.00 price objective on shares of Roper Technologies and gave the company a “buy” rating in a report on Thursday, January 18th. Robert W. Baird reiterated a “hold” rating and set a $293.00 price objective on shares of Roper Technologies in a report on Monday. Finally, Royal Bank of Canada upped their price objective on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a report on Monday, February 5th.

In other Roper Technologies news, Director Richard F. Wallman bought 500 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average price of $282.59 per share, for a total transaction of $141,295.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian D. Jellison sold 215,411 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the completion of the sale, the chief executive officer now owns 1,564,778 shares in the company, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. Insiders sold a total of 247,017 shares of company stock worth $68,480,103 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Wetherby Asset Management Inc. grew its position in Roper Technologies by 14.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,642 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 202 shares in the last quarter. Scotia Capital Inc. grew its position in Roper Technologies by 13.5% in the 4th quarter. Scotia Capital Inc. now owns 1,703 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 202 shares in the last quarter. Neumann Capital Management LLC grew its position in Roper Technologies by 6.5% in the 4th quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $888,000 after purchasing an additional 210 shares in the last quarter. Cetera Investment Advisers grew its position in Roper Technologies by 9.3% in the 4th quarter. Cetera Investment Advisers now owns 2,625 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 224 shares in the last quarter. Finally, Everence Capital Management Inc. grew its position in Roper Technologies by 6.2% in the 4th quarter. Everence Capital Management Inc. now owns 3,929 shares of the industrial products company’s stock worth $1,018,000 after purchasing an additional 228 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ROP traded down $5.05 during trading on Wednesday, hitting $277.09. 632,887 shares of the company traded hands, compared to its average volume of 474,807. Roper Technologies has a fifty-two week low of $212.00 and a fifty-two week high of $292.97. The firm has a market capitalization of $29,011.47, a P/E ratio of 29.30, a P/E/G ratio of 2.04 and a beta of 1.04. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 20th. The industrial products company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.12. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. equities research analysts forecast that Roper Technologies will post 11.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be issued a $0.4125 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 17.52%.

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About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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