Roper Technologies (NYSE:ROP) had its target price upped by Barclays from $285.00 to $290.00 in a report issued on Monday morning. Barclays currently has an equal weight rating on the industrial products company’s stock.
Several other brokerages have also recently weighed in on ROP. Zacks Investment Research cut Roper Technologies from a buy rating to a hold rating in a report on Thursday, February 1st. Cowen restated a buy rating and issued a $310.00 price objective on shares of Roper Technologies in a report on Tuesday, March 6th. Wells Fargo set a $310.00 price objective on Roper Technologies and gave the company a buy rating in a report on Thursday, January 18th. Robert W. Baird restated a hold rating and issued a $293.00 price objective on shares of Roper Technologies in a report on Monday. Finally, Royal Bank of Canada raised their price objective on Roper Technologies to $319.00 and gave the company an outperform rating in a report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $301.25.
ROP opened at $277.09 on Monday. Roper Technologies has a 1 year low of $212.00 and a 1 year high of $292.97. The stock has a market capitalization of $29,011.47, a price-to-earnings ratio of 29.42, a PEG ratio of 2.04 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.73.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 23rd. Stockholders of record on Monday, April 9th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, April 6th. Roper Technologies’s payout ratio is 17.52%.
In related news, CEO Brian D. Jellison sold 215,411 shares of Roper Technologies stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the completion of the transaction, the chief executive officer now owns 1,564,778 shares in the company, valued at $433,787,757.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Wright sold 500 shares of Roper Technologies stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.99, for a total value of $141,995.00. The disclosure for this sale can be found here. Insiders sold a total of 217,411 shares of company stock valued at $60,278,352 in the last 90 days. 2.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group bought a new position in Roper Technologies during the fourth quarter worth about $214,000. Xact Kapitalforvaltning AB grew its holdings in Roper Technologies by 5.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 33,224 shares of the industrial products company’s stock worth $8,605,000 after purchasing an additional 1,652 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Roper Technologies by 13.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 57,391 shares of the industrial products company’s stock worth $14,864,000 after purchasing an additional 6,836 shares during the period. William Blair Investment Management LLC grew its holdings in Roper Technologies by 799.5% during the fourth quarter. William Blair Investment Management LLC now owns 88,743 shares of the industrial products company’s stock worth $22,984,000 after purchasing an additional 78,877 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Roper Technologies by 61.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the industrial products company’s stock worth $1,295,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.
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About Roper Technologies
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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