Roper Technologies (NYSE:ROP) Sees Strong Trading Volume – What’s Next?

Shares of Roper Technologies, Inc. (NYSE:ROPGet Free Report) saw strong trading volume on Friday . 351,147 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 499,769 shares.The stock last traded at $521.74 and had previously closed at $521.75.

Analysts Set New Price Targets

ROP has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial reissued a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Barclays reaffirmed an “underweight” rating and set a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $615.20.

Get Our Latest Report on ROP

Roper Technologies Stock Up 0.8 %

The business has a fifty day moving average price of $553.33 and a two-hundred day moving average price of $551.58. The firm has a market cap of $56.37 billion, a PE ratio of 38.46, a P/E/G ratio of 2.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

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

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 24.14%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value 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 trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Several large investors have recently made changes to their positions in ROP. Fairscale Capital LLC acquired a new position in Roper Technologies in the second quarter worth about $28,000. Fortitude Family Office LLC acquired a new position in Roper Technologies during the 3rd quarter valued at about $28,000. Valley Wealth Managers Inc. acquired a new position in Roper Technologies in the second quarter valued at approximately $31,000. Global Wealth Strategies & Associates bought a new position in shares of Roper Technologies during the third quarter worth $37,000. Finally, Kimelman & Baird LLC acquired a new position in Roper Technologies in the second quarter valued at about $42,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.

Further Reading

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