Mizuho Increases Roper Technologies (NYSE:ROP) Price Target to $530.00

Roper Technologies (NYSE:ROP) had its price objective hoisted by Mizuho from $525.00 to $530.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

ROP has been the subject of several other reports. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. TD Cowen downgraded shares of Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Oppenheimer increased their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an outperform rating in a report on Friday, March 22nd. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $579.83.

Roper Technologies Price Performance

NYSE ROP opened at $513.58 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $544.42 and a 200 day simple moving average of $533.92. The company has a market cap of $54.96 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies has a 1 year low of $441.06 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.90 EPS. On average, sell-side analysts predict that Roper Technologies will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is 21.77%.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds have recently made changes to their positions in ROP. DAVENPORT & Co LLC increased its position in shares of Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 68 shares in the last quarter. Brookstone Capital Management increased its position in shares of Roper Technologies by 87.3% during the 3rd quarter. Brookstone Capital Management now owns 1,841 shares of the industrial products company’s stock worth $898,000 after purchasing an additional 858 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Roper Technologies by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company’s stock worth $9,546,000 after purchasing an additional 553 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Roper Technologies during the 3rd quarter worth about $217,000. Finally, Suncoast Equity Management increased its position in shares of Roper Technologies by 5.2% during the 3rd quarter. Suncoast Equity Management now owns 1,203 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 60 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.