Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group reduced their price objective on shares of Roper Technologies from $540.00 to $412.00 and set a neutral rating for the company in a report on Thursday, June 23rd. Oppenheimer set a $500.00 price target on shares of Roper Technologies in a report on Monday, June 20th. Finally, StockNews.com cut shares of Roper Technologies from a buy rating to a hold rating in a report on Friday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $485.63.
Roper Technologies Trading Up 0.6 %
ROP opened at $413.38 on Monday. Roper Technologies has a 1-year low of $369.51 and a 1-year high of $505.00. The company has a current ratio of 1.58, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48. The company has a market cap of $43.78 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 2.89 and a beta of 1.03. The company has a fifty day moving average price of $406.31 and a two-hundred day moving average price of $436.30.
Roper Technologies (NYSE:ROP – Get Rating) last posted its quarterly earnings results on Friday, July 22nd. The industrial products company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.12. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.54 billion. Roper Technologies had a net margin of 49.32% and a return on equity of 12.83%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.76 earnings per share. Analysts predict that Roper Technologies will post 13.54 EPS for the current fiscal year.
Roper Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, July 7th. Roper Technologies’s dividend payout ratio (DPR) is currently 9.23%.
In related news, Director Robert D. Johnson sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $443.69, for a total transaction of $110,922.50. Following the sale, the director now owns 5,869 shares of the company’s stock, valued at approximately $2,604,016.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.
Institutional Investors Weigh In On Roper Technologies
Institutional investors have recently made changes to their positions in the business. Inspire Investing LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at $419,000. Hartford Investment Management Co. boosted its stake in shares of Roper Technologies by 6.9% in the 4th quarter. Hartford Investment Management Co. now owns 13,717 shares of the industrial products company’s stock valued at $6,747,000 after purchasing an additional 883 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Roper Technologies by 30.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,834 shares of the industrial products company’s stock valued at $37,300,000 after purchasing an additional 17,627 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in Roper Technologies by 6.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,985 shares of the industrial products company’s stock valued at $937,000 after buying an additional 120 shares during the period. Finally, IFM Investors Pty Ltd boosted its position in Roper Technologies by 24.7% during the 1st quarter. IFM Investors Pty Ltd now owns 17,034 shares of the industrial products company’s stock valued at $8,044,000 after buying an additional 3,375 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
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