Roper Technologies (NYSE:ROP) Hits New 1-Year Low – Here’s Why

Roper Technologies, Inc. (NYSE:ROP) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $508.20 and last traded at $508.49, with a volume of 126621 shares trading hands. The stock had previously closed at $514.64.

Analyst Ratings Changes

ROP has been the topic of a number of recent research reports. Oppenheimer started coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective on the stock. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Trading Up 0.6 %

The stock’s 50 day moving average is $545.06 and its two-hundred day moving average is $548.56. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $54.72 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.32 earnings per share. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ROP. Fairscale Capital LLC acquired a new position in shares of Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the third quarter worth $28,000. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies in the second quarter worth about $31,000. Global Wealth Strategies & Associates bought a new position in shares of Roper Technologies in the third quarter worth about $37,000. Finally, Kimelman & Baird LLC acquired a new stake in Roper Technologies during the second quarter worth about $42,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

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.