Cowen and Company restated their buy rating on shares of Roper Technologies, Inc. (NYSE:ROP) in a research report sent to investors on Thursday. They currently have a $250.00 price objective on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Roper Technologies from a hold rating to a buy rating and set a $273.00 price target on the stock in a report on Monday, October 2nd. J P Morgan Chase & Co raised Roper Technologies from a neutral rating to an overweight rating and raised their price target for the company from $223.00 to $275.00 in a report on Wednesday, September 20th. Oppenheimer Holdings, Inc. raised their price target on Roper Technologies from $250.00 to $257.00 and gave the company an outperform rating in a report on Tuesday, August 1st. Canaccord Genuity reissued a hold rating and set a $225.00 price target on shares of Roper Technologies in a report on Tuesday, August 1st. Finally, BidaskClub cut Roper Technologies from a buy rating to a hold rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $244.17.

Roper Technologies (ROP) traded down 0.77% during trading on Thursday, reaching $250.10. The company had a trading volume of 368,751 shares. The firm has a market capitalization of $25.56 billion, a P/E ratio of 37.45 and a beta of 1.04. The firm’s 50-day moving average price is $240.98 and its 200 day moving average price is $229.31. Roper Technologies has a one year low of $167.50 and a one year high of $253.16.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. Equities analysts forecast that Roper Technologies will post $9.28 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 20.96%.

In other Roper Technologies news, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the completion of the transaction, the director now owns 65,104 shares in the company, valued at $15,234,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,500 shares of company stock valued at $2,754,530. 2.50% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Roper Technologies by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock valued at $1,755,000 after buying an additional 23 shares during the period. Bellwether Investment Group LLC boosted its position in shares of Roper Technologies by 1.2% during the second quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock valued at $491,000 after buying an additional 26 shares during the period. Scotia Capital Inc. boosted its position in shares of Roper Technologies by 1.8% during the second quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock valued at $404,000 after buying an additional 30 shares during the period. Cleararc Capital Inc. boosted its position in shares of Roper Technologies by 1.4% during the first quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock valued at $516,000 after buying an additional 35 shares during the period. Finally, Pitcairn Co. boosted its position in shares of Roper Technologies by 0.3% during the second quarter. Pitcairn Co. now owns 13,754 shares of the industrial products company’s stock valued at $3,184,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 94.18% of the company’s stock.

Roper Technologies Company Profile

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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