Roper Technologies (NYSE:ROP) Earns Buy Rating from Truist Financial

Truist Financial reaffirmed their buy rating on shares of Roper Technologies (NYSE:ROP) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $675.00 target price on the industrial products company’s stock, up from their prior target price of $665.00.

ROP has been the subject of several other reports. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Mizuho increased their target price 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. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Oppenheimer began coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Trading Up 0.9 %

NYSE ROP opened at $575.65 on Friday. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $584.31. The company has a 50-day moving average of $535.93 and a 200-day moving average of $544.98. The company has a market cap of $61.73 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s payout ratio is 23.01%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ROP. Fortitude Family Office LLC bought a new stake in Roper Technologies in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth about $45,000. Central Pacific Bank Trust Division increased its holdings in shares of Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 22 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Roper Technologies in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds 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.