Robert W. Baird Increases Roper Technologies (NYSE:ROP) Price Target to $652.00

Roper Technologies (NYSE:ROP) had its price target hoisted by Robert W. Baird from $635.00 to $652.00 in a report issued on Thursday morning, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other research analysts also recently commented on ROP. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Royal Bank of Canada upped their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group raised their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Price Performance

Roper Technologies stock traded up $2.07 during trading hours on Thursday, hitting $544.17. 2,019 shares of the company traded hands, compared to its average volume of 494,238. Roper Technologies has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a market cap of $58.34 billion, a P/E ratio of 40.16, a P/E/G ratio of 2.89 and a beta of 1.02. The firm’s 50-day simple moving average is $551.48 and its two-hundred day simple moving average is $545.46.

Roper Technologies (NYSE:ROP) last issued its quarterly 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. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.32 EPS. As a group, analysts forecast that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s payout ratio is 22.22%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Ledyard National Bank grew its position in shares of Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the period. Symphony Financial Ltd. Co. boosted its position in shares of Roper Technologies by 1.5% during the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 19 shares in the last quarter. Western Financial Corp CA grew its holdings in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after buying an additional 19 shares during the period. AMG National Trust Bank lifted its holdings in shares of Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 19 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Roper Technologies by 3.4% in the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Company Profile

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.