Roper Technologies Inc (ROP) Receives $254.60 Average PT from Brokerages

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.

Hedge funds have recently made changes to their positions in the company. Harding Loevner LP boosted its holdings in shares of Roper Technologies by 293.8% in the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after buying an additional 4,420,649 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock valued at $210,649,000 after purchasing an additional 687,588 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after purchasing an additional 354,064 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Roper Technologies by 91.4% during the second quarter. Parametric Portfolio Associates LLC now owns 308,762 shares of the industrial products company’s stock valued at $71,488,000 after buying an additional 147,465 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $31,829,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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%.

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Roper Technologies Company Profile

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