Shares of Roper Technologies Inc (NYSE:ROP) have earned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $254.60.
Several equities research analysts recently issued reports on ROP shares. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a report on Monday, October 2nd. Robert W. Baird raised their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. JPMorgan Chase & Co. upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Finally, Royal Bank of Canada lifted their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st.
In other news, CEO Brian D. Jellison sold 81,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the sale, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 250 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $258.64, for a total transaction of $64,660.00. Following the completion of the sale, the director now directly owns 64,450 shares of the company’s stock, valued at $16,669,348. The disclosure for this sale can be found here. Insiders have sold a total of 86,950 shares of company stock worth $22,574,581 in the last ninety days. 2.50% of the stock is currently owned by insiders.
Roper Technologies (ROP) traded up $3.73 during trading on Monday, hitting $272.50. The stock had a trading volume of 348,170 shares, compared to its average volume of 426,195. The company has a market capitalization of $27,890.00, a price-to-earnings ratio of 39.61, a PEG ratio of 2.15 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. Roper Technologies has a twelve month low of $185.06 and a twelve month high of $272.72.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. analysts predict that Roper Technologies will post 9.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be paid a dividend of $0.4125 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, January 8th. Roper Technologies’s dividend payout ratio is presently 23.98%.
Roper Technologies Company Profile
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