Barclays began coverage on shares of Roper Technologies (NYSE:ROP) in a report published on Thursday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $285.00 price objective on the industrial products company’s stock.
A number of other research firms also recently commented on ROP. Zacks Investment Research downgraded Roper Technologies from a buy rating to a hold rating in a report on Thursday, February 1st. Wells Fargo & Co set a $310.00 target price on Roper Technologies and gave the stock a buy rating in a report on Thursday, January 18th. Robert W. Baird lifted their target price on 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. Finally, Royal Bank of Canada lifted their target price on Roper Technologies to $319.00 and gave the stock an outperform rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $289.08.
Shares of Roper Technologies (NYSE:ROP) opened at $276.31 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. Roper Technologies has a twelve month low of $203.50 and a twelve month high of $290.42. The company has a market capitalization of $28,283.64, a PE ratio of 29.36, a P/E/G ratio of 2.02 and a beta of 1.08.
Roper Technologies (NYSE:ROP) last released its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, topping the Zacks’ consensus estimate of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. analysts expect that Roper Technologies will post 11.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Monday, January 8th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s payout ratio is presently 17.59%.
In other Roper Technologies news, CEO Brian D. Jellison sold 215,411 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total value of $59,716,237.42. Following the completion of the transaction, the chief executive officer now directly owns 1,564,778 shares of the company’s stock, valued at $433,787,757.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert D. Johnson sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the transaction, the director now directly owns 9,700 shares of the company’s stock, valued at $2,522,291. The disclosure for this sale can be found here. Insiders sold 439,526 shares of company stock valued at $120,362,826 over the last three months. 2.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ROP. Gotham Asset Management LLC acquired a new position in Roper Technologies in the second quarter valued at approximately $260,000. Shell Asset Management Co. lifted its holdings in Roper Technologies by 75.9% in the third quarter. Shell Asset Management Co. now owns 23,861 shares of the industrial products company’s stock valued at $3,491,000 after acquiring an additional 10,293 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Roper Technologies in the third quarter valued at approximately $375,000. Howe & Rusling Inc. acquired a new position in Roper Technologies in the third quarter valued at approximately $305,000. Finally, Tributary Capital Management LLC lifted its holdings in Roper Technologies by 29.7% in the third quarter. Tributary Capital Management LLC now owns 10,250 shares of the industrial products company’s stock valued at $2,495,000 after acquiring an additional 2,350 shares during the period. 93.00% of the stock is owned by institutional investors.
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About Roper Technologies
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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