Barclays PLC Lowers Roper Technologies Inc (ROP) Price Target to $221.00
Roper Technologies Inc (NYSE:ROP) had its target price cut by investment analysts at Barclays PLC from $223.00 to $221.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the industrial products company’s stock. Barclays PLC’s target price suggests a potential upside of 5.82% from the stock’s previous close.
ROP has been the topic of several other research reports. Cowen and Company reiterated an “outperform” rating and issued a $250.00 price target (up previously from $220.00) on shares of Roper Technologies in a report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $245.00 target price on shares of Roper Technologies in a research note on Tuesday, April 11th. JPMorgan Chase & Co. lowered Roper Technologies from an “overweight” rating to a “neutral” rating and set a $219.00 target price on the stock. in a research note on Friday, March 24th. Oppenheimer Holdings Inc. raised Roper Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday, January 6th. Finally, Citigroup Inc raised Roper Technologies to an “outperform” rating and set a $225.00 target price on the stock in a research note on Friday, January 6th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Roper Technologies has an average rating of “Buy” and an average price target of $218.10.
Shares of Roper Technologies (NYSE:ROP) traded up 1.08% during midday trading on Wednesday, hitting $208.84. 262,134 shares of the company were exchanged. The company’s 50 day moving average price is $208.95 and its 200 day moving average price is $191.31. The firm has a market cap of $21.28 billion, a P/E ratio of 32.48 and a beta of 0.87. Roper Technologies has a one year low of $159.28 and a one year high of $214.44.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, February 9th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Roper Technologies had a return on equity of 11.97% and a net margin of 17.38%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. Equities analysts expect that Roper Technologies will post $9.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Friday, April 7th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, April 5th. Roper Technologies’s dividend payout ratio is currently 21.77%.
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In related news, Director Christopher Wright sold 2,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $214.26, for a total value of $535,650.00. Following the sale, the director now owns 63,904 shares of the company’s stock, valued at approximately $13,692,071.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Creative Planning raised its stake in shares of Roper Technologies by 126.2% in the third quarter. Creative Planning now owns 647 shares of the industrial products company’s stock worth $118,000 after buying an additional 361 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Roper Technologies during the third quarter worth about $127,000. NN Investment Partners Holdings N.V. raised its stake in shares of Roper Technologies by 16.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 699 shares of the industrial products company’s stock worth $128,000 after buying an additional 100 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock worth $147,000 after buying an additional 29 shares in the last quarter. Finally, Trust Co purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $206,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.
About Roper Technologies
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