Roper Technologies, Inc. (NASDAQ:ROP) Stock Has Consensus Target Price of $469.41 According to Analysts

Shares of Roper Technologies, Inc. (NASDAQ:ROP) have earned a consensus recommendation of “Hold” from the nineteen research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $469.41.

Several analysts have recently commented on ROP shares. The Goldman Sachs Group decreased their price objective on Roper Technologies from $414.00 to $410.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Citigroup boosted their target price on Roper Technologies from $450.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Truist Financial increased their price target on Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Royal Bank Of Canada raised their price target on Roper Technologies from $417.00 to $450.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Finally, JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $415.00 to $490.00 in a research note on Monday, October 26th.

Insider Activity at Roper Technologies

In other Roper Technologies news, EVP Jason Conley sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the sale, the executive vice president owned 28,457 shares of the company’s stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Laurence Hunn sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $492.50, for a total transaction of $19,700,000.00. Following the transaction, the chief executive officer owned 44,457 shares in the company, valued at $21,895,072.50. The trade was a 47.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,500 shares of company stock worth $27,476,600 in the last quarter. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roper Technologies

Several hedge funds have recently made changes to their positions in the company. Frank Rimerman Advisors LLC raised its stake in Roper Technologies by 3.4% in the 1st quarter. Frank Rimerman Advisors LLC now owns 950 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 31 shares during the last quarter. Eads & Heald Wealth Management grew its stake in Roper Technologies by 1.7% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,720 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 46 shares during the last quarter. RDA Financial Network increased its holdings in shares of Roper Technologies by 1.4% in the second quarter. RDA Financial Network now owns 3,635 shares of the industrial products company’s stock valued at $1,230,000 after purchasing an additional 51 shares during the period. Hamilton Point Investment Advisors LLC increased its holdings in shares of Roper Technologies by 0.3% in the first quarter. Hamilton Point Investment Advisors LLC now owns 16,086 shares of the industrial products company’s stock valued at $5,692,000 after purchasing an additional 53 shares during the period. Finally, Caerus Investment Advisors LLC raised its stake in shares of Roper Technologies by 7.0% in the first quarter. Caerus Investment Advisors LLC now owns 853 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 56 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.7%

NASDAQ:ROP opened at $477.70 on Friday. The company’s 50-day simple moving average is $402.16 and its 200-day simple moving average is $368.21. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. Roper Technologies has a fifty-two week low of $305.96 and a fifty-two week high of $507.24. The stock has a market capitalization of $47.31 billion, a P/E ratio of 18.85, a P/E/G ratio of 2.36 and a beta of 0.67.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $0.10. The company had revenue of $2.17 billion during the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $5.14 EPS. On average, equities analysts anticipate that Roper Technologies will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Investors of record on Monday, January 4th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 4th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.91. Roper Technologies’s payout ratio is 15.79%.

About Roper Technologies

Roper Technologies is a diversified technology company that develops and operates software and technology-enabled businesses. Its products and services support organizations in areas including healthcare, legal services, construction, education, insurance, and energy. The company’s portfolio includes vertical-market software, network software, and technology-enabled products. Its offerings range from specialized business and data-management applications to measurement and analytical products used in industrial and other settings.