Roper Technologies (NYSE:ROP) Given New $635.00 Price Target at Jefferies Financial Group

Roper Technologies (NYSE:ROP) had its target price boosted by Jefferies Financial Group from $625.00 to $635.00 in a research report released on Friday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the company. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Wolfe Research lowered shares of Roper Technologies from an outperform rating to a peer perform rating in a research note on Thursday, June 13th. Oppenheimer cut their target price on shares of Roper Technologies from $650.00 to $630.00 and set an outperform rating on the stock in a research note on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a hold rating to a strong-buy rating in a research report on Thursday, July 25th. Finally, Robert W. Baird raised Roper Technologies from a neutral rating to an outperform rating and upped their price objective for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $607.50.

Roper Technologies Trading Up 0.4 %

Shares of Roper Technologies stock traded up $1.93 during mid-day trading on Friday, hitting $548.50. The stock had a trading volume of 389,768 shares, compared to its average volume of 520,750. The firm has a 50-day moving average of $550.94 and a two-hundred day moving average of $544.39. The firm has a market cap of $58.71 billion, a P/E ratio of 39.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts forecast that Roper Technologies will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The disclosure for this sale can be found here. Insiders sold a total of 3,940 shares of company stock valued at $2,214,019 over the last ninety days. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ROP. Second Line Capital LLC boosted its holdings in shares of Roper Technologies by 6.9% in the second quarter. Second Line Capital LLC now owns 4,249 shares of the industrial products company’s stock valued at $2,395,000 after acquiring an additional 274 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Roper Technologies by 70.3% in the 2nd quarter. NewEdge Advisors LLC now owns 3,836 shares of the industrial products company’s stock valued at $2,162,000 after purchasing an additional 1,584 shares in the last quarter. Coastal Bridge Advisors LLC acquired a new position in Roper Technologies during the 2nd quarter worth approximately $303,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Roper Technologies by 15.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,788 shares of the industrial products company’s stock worth $7,209,000 after buying an additional 1,671 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Roper Technologies by 3.0% in the 2nd quarter. Creative Planning now owns 14,786 shares of the industrial products company’s stock valued at $8,334,000 after buying an additional 431 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.