Roper Technologies (NYSE:ROP) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Roper Technologies (NYSE:ROP) in a research note released on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $685.00 price target on the industrial products company’s stock.

Several other analysts have also recently commented on the stock. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Trading Up 1.7 %

Shares of Roper Technologies stock opened at $592.55 on Thursday. The firm has a market capitalization of $63.63 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm’s 50 day simple moving average is $569.64 and its two-hundred day simple moving average is $553.50. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.01%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company’s stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after buying an additional 1,529,716 shares during the last quarter. State Street Corp increased its stake in shares of Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after acquiring an additional 132,575 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Roper Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company’s stock worth $1,284,242,000 after acquiring an additional 29,184 shares during the period. Finally, Norges Bank purchased a new position in shares of Roper Technologies during the 4th quarter worth $914,052,000. Hedge funds and other institutional investors 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.