Roper Technologies, Inc. (NYSE:ROP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Posted by on Jun 6th, 2023

Roper Technologies, Inc. (NYSE:ROP – Get Rating) has earned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $498.08.

ROP has been the subject of a number of recent research reports. Robert W. Baird reiterated a “neutral” rating and issued a $476.00 target price on shares of Roper Technologies in a report on Monday, March 20th. JPMorgan Chase & Co. raised Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $385.00 to $420.00 in a report on Wednesday, March 22nd. Mizuho initiated coverage on Roper Technologies in a report on Thursday, March 23rd. They issued a “neutral” rating and a $475.00 price objective on the stock. Barclays boosted their price target on Roper Technologies from $518.00 to $525.00 in a research note on Monday, May 1st. Finally, Wolfe Research raised Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price target on the stock in a research note on Thursday, February 23rd.

Insider Buying and Selling

In other news, Director Robert D. Johnson sold 250 shares of the firm’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $436.00, for a total transaction of $109,000.00. Following the transaction, the director now owns 6,153 shares in the company, valued at approximately $2,682,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new position in Roper Technologies during the first quarter worth about $26,000. Phocas Financial Corp. bought a new stake in shares of Roper Technologies during the 4th quarter valued at $28,000. Manitou Investment Management Ltd. acquired a new position in shares of Roper Technologies during the 1st quarter worth $29,000. Compass Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $30,000. Finally, Fortis Capital Advisors LLC acquired a new position in Roper Technologies in the 4th quarter worth about $30,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.9 %

Shares of NYSE ROP opened at $454.89 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $448.33 and a two-hundred day simple moving average of $438.04. The firm has a market cap of $48.49 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. Roper Technologies has a twelve month low of $356.21 and a twelve month high of $463.90.

Roper Technologies (NYSE:ROP – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Roper Technologies had a return on equity of 11.00% and a net margin of 50.48%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.77 EPS. Analysts expect that Roper Technologies will post 16.25 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a $0.683 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $2.73 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is 10.38%.

About Roper Technologies

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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