Roper Technologies (NYSE:ROP) PT Raised to $450.00
Roper Technologies (NYSE:ROP) had its price objective increased by Wells Fargo & Co from $400.00 to $450.00 in a research report sent to investors on Tuesday, The Fly reports. Wells Fargo & Co currently has an outperform rating on the industrial products company’s stock.
Several other research firms have also recently weighed in on ROP. Argus raised their price target on Waste Management from $110.00 to $115.00 and gave the company a buy rating in a report on Friday, April 26th. Raymond James reaffirmed a hold rating on shares of Snc-Lavalin Group in a report on Wednesday, July 3rd. Oppenheimer raised their price target on Valeritas from $1.25 to $12.00 and gave the company an outperform rating in a report on Tuesday, July 9th. Stephens reaffirmed a hold rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, April 30th. Finally, Barclays raised their price target on Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $367.80.
Shares of NYSE ROP opened at $366.20 on Tuesday. Roper Technologies has a 52 week low of $245.59 and a 52 week high of $385.51. The business has a 50-day moving average of $370.98. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.57. The company has a market cap of $38.52 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.60 and a beta of 1.16.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, July 8th were issued a dividend of $0.4625 per share. The ex-dividend date was Friday, July 5th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 0.51%. Roper Technologies’s dividend payout ratio is 15.66%.
In related news, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the transaction, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $2,654,652. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laurence Neil Hunn sold 47,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $354.76, for a total value of $16,673,720.00. Following the transaction, the insider now directly owns 218,866 shares in the company, valued at $77,644,902.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,750 shares of company stock worth $17,659,170. 1.90% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Westbourne Investment Advisors Inc. increased its stake in Roper Technologies by 3.9% in the 2nd quarter. Westbourne Investment Advisors Inc. now owns 727 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 27 shares during the period. SPC Financial Inc. increased its stake in Roper Technologies by 0.9% in the 1st quarter. SPC Financial Inc. now owns 3,305 shares of the industrial products company’s stock worth $1,130,000 after purchasing an additional 30 shares during the period. CWM Advisors LLC increased its stake in Roper Technologies by 2.5% in the 4th quarter. CWM Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 33 shares during the period. Charter Trust Co. increased its stake in Roper Technologies by 3.9% in the 1st quarter. Charter Trust Co. now owns 910 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 34 shares during the period. Finally, Financial Counselors Inc. increased its stake in Roper Technologies by 0.7% in the 1st quarter. Financial Counselors Inc. now owns 5,370 shares of the industrial products company’s stock worth $1,836,000 after purchasing an additional 38 shares during the period. 93.10% of the stock is currently owned by institutional investors.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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