Roper Technologies (NYSE:ROP) Stock Rating Upgraded by Robert W. Baird

Robert W. Baird upgraded shares of Roper Technologies (NYSE:ROP) from a neutral rating to an outperform rating in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have $635.00 target price on the industrial products company’s stock, up from their previous target price of $617.00.

Several other research firms have also recently weighed in on ROP. Oppenheimer reissued an outperform rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Wolfe Research lowered Roper Technologies from an outperform rating to a peer perform rating in a research note on Thursday, June 13th. Mizuho raised their target price on Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research note on Monday, April 29th. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the company an overweight rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada decreased their price target on Roper Technologies from $696.00 to $680.00 and set an outperform rating on the stock in a report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $604.33.

Roper Technologies Price Performance

Shares of ROP opened at $548.53 on Thursday. The business’s 50-day moving average is $553.71 and its 200-day moving average is $545.64. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a market capitalization of $58.71 billion, a price-to-earnings ratio of 39.81, a P/E/G ratio of 2.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.45.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.90 earnings per share. Equities research analysts expect that Roper Technologies will post 18.17 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Activity

In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ROP. Norges Bank acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $756,176,000. Mackenzie Financial Corp increased its position in shares of Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after purchasing an additional 280,873 shares during the last quarter. First Trust Advisors LP increased its position in shares of Roper Technologies by 149.7% during the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after purchasing an additional 220,006 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Roper Technologies by 32.8% during the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after purchasing an additional 211,967 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Roper Technologies by 134.5% during the 4th quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock worth $148,702,000 after purchasing an additional 156,468 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Company Profile

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.