Shares of Roper Technologies Inc (NYSE:ROP) have earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $313.50.

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $303.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Raymond James cut Roper Technologies from a “strong-buy” rating to an “outperform” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. ValuEngine cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Cowen reiterated a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research report on Tuesday, July 31st. Finally, Zacks Investment Research cut Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 3,000 shares of the business’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $297.86, for a total transaction of $893,580.00. Following the transaction, the director now owns 14,038 shares of the company’s stock, valued at $4,181,358.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $299.78, for a total value of $1,498,900.00. Following the transaction, the vice president now directly owns 19,205 shares in the company, valued at approximately $5,757,274.90. The disclosure for this sale can be found here. Insiders have sold 8,750 shares of company stock worth $2,616,258 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROP. GSA Capital Partners LLP acquired a new position in shares of Roper Technologies in the 2nd quarter valued at $1,127,000. Highland Capital Management LP acquired a new position in shares of Roper Technologies in the 2nd quarter valued at $8,677,000. McKinley Carter Wealth Services Inc. lifted its stake in shares of Roper Technologies by 9.0% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 6,450 shares of the industrial products company’s stock valued at $1,811,000 after purchasing an additional 530 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Roper Technologies by 15.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 110,941 shares of the industrial products company’s stock valued at $30,610,000 after purchasing an additional 14,971 shares during the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of Roper Technologies by 2.4% in the 2nd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 105,364 shares of the industrial products company’s stock valued at $29,071,000 after purchasing an additional 2,433 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Shares of ROP traded up $5.90 during trading hours on Wednesday, hitting $279.17. 875,585 shares of the stock were exchanged, compared to its average volume of 455,706. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.80. Roper Technologies has a 12-month low of $248.03 and a 12-month high of $312.65. The stock has a market capitalization of $30.61 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.09 and a beta of 1.11.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $2.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.19. Roper Technologies had a return on equity of 15.81% and a net margin of 21.99%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business earned $2.24 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Roper Technologies will post 11.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 22nd. Shareholders of record on Monday, October 8th will be paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 17.52%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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