Roper Technologies, Inc. (NYSE:ROP) was upgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Friday.

ROP has been the subject of several other research reports. RBC Capital Markets reiterated a “buy” rating and issued a $214.00 price objective on shares of Roper Technologies in a research report on Thursday, January 5th. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, January 3rd. Canaccord Genuity reiterated a “hold” rating and issued a $175.00 price objective on shares of Roper Technologies in a research report on Wednesday, November 2nd. Argus began coverage on Roper Technologies in a research report on Wednesday, October 19th. They issued a “hold” rating for the company. Finally, Oppenheimer Holdings, Inc. upgraded Roper Technologies from a “market perform” rating to an “outperform” rating in a research report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $198.67.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

Shares of Roper Technologies (NYSE:ROP) traded up 0.58% during trading on Friday, hitting $188.75. The company had a trading volume of 107,860 shares. The company’s 50 day moving average is $184.77 and its 200 day moving average is $177.10. Roper Technologies has a 1-year low of $155.79 and a 1-year high of $190.01. The firm has a market capitalization of $19.15 billion, a P/E ratio of 28.18 and a beta of 0.89.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 31st. The company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.04. The company earned $947.30 million during the quarter, compared to the consensus estimate of $955.48 million. Roper Technologies had a return on equity of 12.14% and a net margin of 18.41%. Roper Technologies’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. Analysts anticipate that Roper Technologies will post $6.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 23rd. Stockholders of record on Monday, January 9th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 5th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.75%. Roper Technologies’s payout ratio is 20.90%.

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In other news, CEO Brian D. Jellison sold 108,084 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $186.00, for a total transaction of $20,103,624.00. Following the transaction, the chief executive officer now directly owns 1,375,182 shares of the company’s stock, valued at $255,783,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert D. Johnson sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $183.34, for a total value of $293,344.00. Following the transaction, the director now directly owns 8,900 shares in the company, valued at $1,631,726. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of large investors have recently modified their holdings of ROP. Price T Rowe Associates Inc. MD boosted its stake in shares of Roper Technologies by 7.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,218,855 shares of the company’s stock valued at $2,594,514,000 after buying an additional 961,508 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Roper Technologies by 3.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,663,376 shares of the company’s stock valued at $485,986,000 after buying an additional 92,331 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roper Technologies by 2.6% in the third quarter. Principal Financial Group Inc. now owns 1,901,726 shares of the company’s stock valued at $347,007,000 after buying an additional 47,862 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Roper Technologies by 14.2% in the second quarter. Janus Capital Management LLC now owns 1,802,896 shares of the company’s stock valued at $307,502,000 after buying an additional 224,624 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Roper Technologies by 3.6% in the third quarter. BlackRock Fund Advisors now owns 1,628,717 shares of the company’s stock valued at $297,192,000 after buying an additional 56,130 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors.

About Roper Technologies

Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.

5 Day Chart for NYSE:ROP

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