1 week Ago By ABMN Staff
Roper Technologies, Inc. ( NYSE:ROP – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company.
The average 1-year target price among analysts that have issued ratings on the stock in the last year is $624.11. A number of analysts have issued reports on ROP shares.
Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.
00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.
00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer assumed coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.
00 price objective for the company. Barclays restated an “underweight” rating and set a $569.00 target price (down from $625.
00) on shares of Roper Technologies in a research report on Thursday, December 5th. Finally, Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.
00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Get Our Latest Analysis on ROP Roper Technologies Trading Up 0.2 % Roper Technologies ( NYSE:ROP – Get Free Report ) last posted its earnings results on Wednesday, October 23rd.
The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.
09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.
72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.
73%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis.
During the same period last year, the company posted $4.32 earnings per share. Research analysts anticipate that Roper Technologies will post 18.
26 EPS for the current fiscal year. Roper Technologies Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.
825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.
64%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75.
The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is presently 24.14%.
Insider Activity at Roper Technologies In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.
00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares in the company, valued at $18,125,250.
This trade represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
0.87% of the stock is owned by company insiders. Hedge Funds Weigh In On Roper Technologies A number of institutional investors have recently modified their holdings of the stock.
Ledyard National Bank raised its holdings in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter.
Cromwell Holdings LLC raised its holdings in shares of Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 21 shares in the last quarter.
Hibernia Wealth Partners LLC lifted its position in shares of Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 21 shares during the period.
Ballast Advisors LLC boosted its stake in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 21 shares in the last quarter.
Finally, Central Pacific Bank Trust Division increased its holdings in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after buying an additional 22 shares during the period.
93.31% of the stock is owned by hedge funds and other institutional investors. About Roper Technologies ( Get Free Report 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. Featured Articles Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.
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