Mizuho Raises Roper Technologies (NYSE:ROP) Price Target to $565.00

Roper Technologies (NYSE:ROP) had its target price boosted by Mizuho from $530.00 to $565.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. 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. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Truist Financial reissued a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price target on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Three 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 company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

Roper Technologies Price Performance

Shares of ROP opened at $557.62 on Thursday. The firm has a market capitalization of $59.69 billion, a PE ratio of 40.47, a PEG ratio of 2.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company’s 50-day moving average is $549.91 and its 200-day moving average is $545.28. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Equities analysts forecast that Roper Technologies will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Symphony Financial Ltd. Co. increased 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 buying an additional 19 shares during the period. Western Financial Corp CA grew its position in shares of Roper Technologies by 1.1% during the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after buying an additional 19 shares during the period. AMG National Trust Bank increased its stake in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 19 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Roper Technologies by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 20 shares during the period. Finally, Covestor Ltd boosted its stake in Roper Technologies by 50.0% during the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.