Roper Technologies, Inc. (NYSE:ROP) Receives $620.73 Average Price Target from Brokerages

Roper Technologies, Inc. (NYSE:ROP) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $620.73.

A number of analysts have recently issued reports on ROP shares. JPMorgan Chase & Co. reduced their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer raised their price target on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a research note on Friday, January 31st.

Roper Technologies Trading Up 1.9 %

Shares of NYSE:ROP opened at $560.16 on Friday. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $60.15 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock has a 50 day moving average of $572.72 and a 200 day moving average of $553.99. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. 0.87% of the stock is owned by corporate insiders.

Institutional Trading of Roper Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ROP. Gateway Investment Advisers LLC increased its position in Roper Technologies by 11.7% during the first quarter. Gateway Investment Advisers LLC now owns 2,345 shares of the industrial products company’s stock valued at $1,383,000 after acquiring an additional 246 shares during the last quarter. KFG Wealth Management LLC grew its holdings in Roper Technologies by 5.5% during the 1st quarter. KFG Wealth Management LLC now owns 574 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 30 shares during the last quarter. Procyon Advisors LLC raised its position in Roper Technologies by 13.0% in the 1st quarter. Procyon Advisors LLC now owns 2,748 shares of the industrial products company’s stock worth $1,620,000 after purchasing an additional 316 shares during the period. Unique Wealth LLC bought a new stake in Roper Technologies in the first quarter worth about $308,000. Finally, Signal Advisors Wealth LLC boosted its position in shares of Roper Technologies by 23.7% during the first quarter. Signal Advisors Wealth LLC now owns 7,192 shares of the industrial products company’s stock valued at $4,240,000 after buying an additional 1,376 shares during the period. 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.