Roper Technologies (NYSE:ROP) Price Target Raised to $470.00

Roper Technologies (NYSE:ROP) had its price target lifted by JPMorgan Chase & Co. from $465.00 to $470.00 in a research report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the company. Oppenheimer reaffirmed an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Barclays reissued an “underweight” rating on shares of Roper Technologies in a report on Monday. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Robert W. Baird lifted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.91.

Roper Technologies Stock Performance

ROP opened at $557.59 on Tuesday. The stock has a market cap of $59.95 billion, a PE ratio of 38.88, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $595.17. The stock’s 50 day simple moving average is $567.24 and its 200-day simple moving average is $554.72. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $4.41 EPS. Sell-side analysts forecast that Roper Technologies will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s payout ratio is presently 23.81%.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Institutional Trading of Roper Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC raised its stake in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares during the last quarter. Synovus Financial Corp raised its position in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after acquiring an additional 961 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares during the period. First Financial Bank Trust Division boosted its position in shares of Roper Technologies by 28.0% in the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock worth $5,574,000 after purchasing an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in shares of Roper Technologies by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after purchasing an additional 1,719 shares during the period. 93.31% of the stock is owned by institutional investors.

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.