Roper Technologies, Inc. (NYSE:ROP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $623.33.

A number of brokerages have recently weighed in on ROP. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $535.00 to $615.00 in a report on Tuesday.

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the third quarter worth about $28,000. Global Wealth Strategies & Associates bought a new position in shares of Roper Technologies during the 3rd quarter valued at approximately $37,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC purchased a new position in Roper Technologies in the fourth quarter valued at approximately $45,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 5.1 %

ROP stock opened at $570.60 on Friday. The stock’s 50 day simple moving average is $535.28 and its 200 day simple moving average is $544.69. The company has a market cap of $61.19 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $584.31.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is 24.14%.

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.