Roper Technologies (NYSE:ROP) Price Target Raised to $561.00

Roper Technologies (NYSE:ROP) had its price objective upped by JPMorgan Chase & Co. from $470.00 to $561.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Other analysts have also recently issued reports about the stock. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an “outperform” rating on the stock. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Raymond James restated a “strong-buy” rating and issued a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Stock Performance

NYSE ROP opened at $582.88 on Friday. The stock has a market cap of $62.67 billion, a P/E ratio of 40.65, a PEG ratio of 2.77 and a beta of 1.08. The company’s 50-day simple moving average is $565.24 and its 200 day simple moving average is $556.53. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter last year, the firm posted $4.41 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, research analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.81%.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in Roper Technologies by 11.7% in the 1st quarter. Empowered Funds LLC now owns 3,108 shares of the industrial products company’s stock valued at $1,832,000 after buying an additional 326 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $340,000. Ascent Group LLC increased its stake in Roper Technologies by 48.3% in the 1st quarter. Ascent Group LLC now owns 10,874 shares of the industrial products company’s stock valued at $6,411,000 after buying an additional 3,541 shares during the last quarter. United Services Automobile Association acquired a new stake in Roper Technologies in the 1st quarter valued at $1,406,000. Finally, Great Lakes Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $239,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.