Roper Technologies’ (ROP) “Outperform” Rating Reaffirmed at Oppenheimer

Oppenheimer reissued their outperform rating on shares of Roper Technologies (NYSE:ROP) in a report released on Monday morning, Benzinga reports. The firm currently has a $650.00 target price on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on shares of Roper Technologies from $696.00 to $680.00 and set an outperform rating on the stock in a report on Monday. Mizuho increased their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a report on Monday. Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Finally, TD Cowen downgraded shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target on the stock. in a report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of Moderate Buy and an average price target of $579.83.

Roper Technologies Stock Performance

ROP opened at $514.76 on Monday. Roper Technologies has a 52-week low of $441.06 and a 52-week high of $565.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a market cap of $55.10 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 2.69 and a beta of 0.99. The firm’s 50-day moving average price is $543.08 and its 200-day moving average price is $533.88.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $3.90 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of Roper Technologies by 30.6% during the 1st quarter. BNP Paribas Financial Markets now owns 225,711 shares of the industrial products company’s stock valued at $126,588,000 after buying an additional 52,914 shares in the last quarter. Ballast Advisors LLC lifted its position in shares of Roper Technologies by 9.9% during the 1st quarter. Ballast Advisors LLC now owns 1,552 shares of the industrial products company’s stock valued at $870,000 after buying an additional 140 shares in the last quarter. Oak Ridge Investments LLC lifted its position in shares of Roper Technologies by 1.7% during the 1st quarter. Oak Ridge Investments LLC now owns 13,908 shares of the industrial products company’s stock valued at $7,800,000 after buying an additional 236 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in shares of Roper Technologies by 0.8% during the 1st quarter. Ascent Wealth Partners LLC now owns 14,246 shares of the industrial products company’s stock valued at $7,990,000 after buying an additional 119 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its position in shares of Roper Technologies by 21.8% during the 1st quarter. Prosperity Consulting Group LLC now owns 570 shares of the industrial products company’s stock valued at $320,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors 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.