Roper Technologies (NYSE:ROP) Price Target Raised to $558.00

Roper Technologies (NYSE:ROP) had its price target lifted by JPMorgan Chase & Co. from $539.00 to $558.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

A number of other research analysts also recently commented on ROP. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Oppenheimer initiated coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Trading Up 0.9 %

Shares of NYSE:ROP opened at $575.65 on Friday. Roper Technologies has a 52 week low of $499.47 and a 52 week high of $584.31. The company’s 50 day moving average is $535.93 and its two-hundred day moving average is $544.83. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $61.73 billion, a PE ratio of 42.11, a P/E/G ratio of 2.60 and a beta of 1.04.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

Institutional Trading of Roper Technologies

Several institutional investors and hedge funds have recently modified their holdings of ROP. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after buying an additional 22 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $49,000. 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.