Roper Technologies (NYSE:ROP) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Roper Technologies (NYSE:ROP) in a report published on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $685.00 price objective on the industrial products company’s stock.

Several other research analysts have also recently issued reports on the stock. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Trading Down 1.7 %

Roper Technologies stock opened at $582.64 on Thursday. Roper Technologies has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a 50-day moving average price of $570.85 and a 200 day moving average price of $553.71. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 over the last quarter. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roper Technologies

Large investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC increased its stake in shares of Roper Technologies by 10.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 50 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Roper Technologies during the third quarter worth about $718,000. Private Trust Co. NA raised its stake in Roper Technologies by 8.3% during the third quarter. Private Trust Co. NA now owns 352 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 27 shares during the period. D.A. Davidson & CO. boosted its holdings in Roper Technologies by 11.9% in the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 158 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Roper Technologies in the 3rd quarter valued at about $1,784,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Company Profile

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.