Roper Technologies (NYSE:ROP) Given New $562.00 Price Target at Barclays

Roper Technologies (NYSE:ROP) had its price objective cut by Barclays from $569.00 to $562.00 in a report issued on Wednesday,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Trading Down 1.5 %

Shares of NYSE:ROP opened at $502.71 on Wednesday. The stock has a market capitalization of $53.91 billion, a PE ratio of 36.77, a P/E/G ratio of 2.84 and a beta of 1.04. Roper Technologies has a 1 year low of $502.10 and a 1 year high of $580.09. The firm has a fifty day moving average price of $543.00 and a 200 day moving average price of $547.61. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.32 earnings per share. Analysts expect that Roper Technologies will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is presently 24.14%.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at $28,000. Valley Wealth Managers Inc. acquired a new stake in Roper Technologies during the 2nd quarter valued at $31,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies during the 3rd quarter valued at $37,000. Finally, Kimelman & Baird LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at $42,000. 93.31% of the stock is owned by institutional investors.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.