Roper Technologies (NYSE:ROP) Price Target Raised to $640.00 at Oppenheimer

Roper Technologies (NYSE:ROP) had its price target boosted by Oppenheimer from $630.00 to $640.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other research firms have also recently commented on ROP. JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday. Finally, Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Price Performance

Shares of ROP opened at $575.65 on Friday. The stock has a market cap of $61.73 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.60 and a beta of 1.04. The business’s fifty day moving average is $535.93 and its 200 day moving average is $544.98. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $584.31. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio is 23.01%.

Institutional Investors Weigh In On Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC grew its position in shares of Roper Technologies by 13.5% in the 4th quarter. Global Retirement Partners LLC now owns 562 shares of the industrial products company’s stock worth $292,000 after buying an additional 67 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Roper Technologies by 10.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,517 shares of the industrial products company’s stock worth $1,828,000 after buying an additional 343 shares during the period. Bfsg LLC lifted its position in Roper Technologies by 3.0% during the fourth quarter. Bfsg LLC now owns 4,490 shares of the industrial products company’s stock valued at $2,334,000 after purchasing an additional 130 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Roper Technologies by 19.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,772 shares of the industrial products company’s stock worth $921,000 after buying an additional 284 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in Roper Technologies by 228.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 476 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 331 shares in the last quarter. 93.31% of the stock is owned by 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.