Roper Technologies (NYSE:ROP) Price Target Raised to $355.00
Roper Technologies (NYSE:ROP) had its price objective raised by Barclays from $342.00 to $355.00 in a research note published on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.
A number of other research firms have also commented on ROP. Oppenheimer assumed coverage on in a report on Tuesday, April 9th. They issued an outperform rating and a $55.00 price target for the company. Stephens reaffirmed a hold rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, April 30th. Zacks Investment Research lowered Granite Point Mortgage Trust from a buy rating to a hold rating in a report on Tuesday, March 19th. Argus raised their price target on Waste Management from $110.00 to $115.00 and gave the stock a buy rating in a report on Friday, April 26th. Finally, Raymond James reaffirmed a hold rating on shares of Snc-Lavalin Group in a report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $357.30.
Shares of NYSE ROP opened at $384.45 on Tuesday. The firm’s fifty day moving average price is $363.21. Roper Technologies has a 1-year low of $245.59 and a 1-year high of $384.49. The company has a market capitalization of $39.92 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.63 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Monday, July 8th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, July 5th. Roper Technologies’s dividend payout ratio is 15.66%.
In related news, insider Laurence Neil Hunn sold 47,000 shares of Roper Technologies stock in a transaction on Monday, May 20th. The stock was sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the completion of the sale, the insider now owns 218,866 shares of the company’s stock, valued at $77,644,902.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $344.76, for a total value of $258,570.00. Following the sale, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $2,654,652. The disclosure for this sale can be found here. Insiders have sold 49,750 shares of company stock valued at $17,659,170 in the last three months. 1.90% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. University of Texas Texas AM Investment Managment Co. purchased a new stake in Roper Technologies during the first quarter valued at about $27,000. Pinnacle Bank purchased a new stake in Roper Technologies during the fourth quarter valued at about $26,000. Shamrock Asset Management LLC purchased a new stake in Roper Technologies during the first quarter valued at about $34,000. Advisory Alpha LLC purchased a new stake in Roper Technologies during the first quarter valued at about $35,000. Finally, Berman Capital Advisors LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $26,000. 93.15% of the stock is owned by institutional investors.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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