Roper Technologies (NYSE:ROP) Stock Rating Upgraded by TD Cowen

TD Cowen upgraded shares of Roper Technologies (NYSE:ROP) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat.com reports. TD Cowen currently has $615.00 price target on the industrial products company’s stock, up from their previous price target of $535.00.

Several other analysts have also issued reports on the stock. Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays reduced their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One investment 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 to the company. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Trading Up 5.1 %

ROP opened at $570.60 on Tuesday. The stock has a market capitalization of $61.19 billion, a price-to-earnings ratio of 41.74, a P/E/G ratio of 2.55 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $584.31. The company has a 50-day simple moving average of $535.28 and a 200 day simple moving average of $544.69.

Roper Technologies Increases Dividend

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

Institutional Investors Weigh In On Roper Technologies

Hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the third quarter valued at $28,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies in the third quarter valued at $37,000. E Fund Management Hong Kong Co. Ltd. raised its position in 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 acquired a new position in Roper Technologies during the 2nd quarter worth about $42,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.