Roper Technologies, Inc. (NYSE:ROP) Receives $623.60 Average Target Price from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $623.60.

Several equities research analysts recently issued reports on the stock. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. 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. Finally, Oppenheimer upped their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’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 owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last 90 days. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in shares of Roper Technologies by 11.7% in the third quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock valued at $1,173,000 after acquiring an additional 220 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Roper Technologies by 162.2% in the third quarter. Mizuho Securities USA LLC now owns 21,631 shares of the industrial products company’s stock valued at $12,036,000 after acquiring an additional 13,382 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Roper Technologies by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock valued at $4,235,000 after acquiring an additional 269 shares during the period. Swiss National Bank raised its stake in shares of Roper Technologies by 0.3% in the third quarter. Swiss National Bank now owns 317,700 shares of the industrial products company’s stock valued at $176,781,000 after acquiring an additional 800 shares during the period. Finally, Taurus Asset Management LLC raised its stake in shares of Roper Technologies by 4.7% in the third quarter. Taurus Asset Management LLC now owns 21,675 shares of the industrial products company’s stock valued at $12,061,000 after acquiring an additional 965 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $577.83 on Monday. The stock has a 50-day simple moving average of $561.45 and a two-hundred day simple moving average of $552.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies has a 52-week low of $499.47 and a 52-week high of $595.17. The firm has a market capitalization of $62.05 billion, a PE ratio of 40.29, a P/E/G ratio of 2.77 and a beta of 1.06.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

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.