Roper Technologies (NYSE:ROP) Price Target Increased to $652.00 by Analysts at Robert W. Baird

Roper Technologies (NYSE:ROP) had its price objective lifted by Robert W. Baird from $635.00 to $652.00 in a research report report published on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other analysts have also issued reports on the stock. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Oppenheimer lowered their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Stock Performance

NYSE ROP opened at $542.00 on Thursday. Roper Technologies has a 1-year low of $474.46 and a 1-year high of $579.10. The firm has a market cap of $58.02 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.89 and a beta of 1.02. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $551.26 and a 200-day moving average of $545.51.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.32 EPS. On average, equities analysts forecast that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in Roper Technologies during the 1st quarter worth approximately $25,000. Fairscale Capital LLC purchased a new stake in Roper Technologies in the second quarter worth about $28,000. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc increased its stake in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Roper Technologies in the second quarter worth $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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.