Roper Technologies (NYSE:ROP) Price Target Increased to $565.00 by Analysts at Mizuho

Roper Technologies (NYSE:ROP - Free Report) had its target price increased by Mizuho from $530.00 to $565.00 in a report released on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the industrial products company's stock.

A number of other research firms have also recently issued reports on ROP. Truist Financial reiterated a "buy" rating and issued a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Royal Bank of Canada upped their price objective on Roper Technologies from $674.00 to $675.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an "overweight" rating in a report on Wednesday, July 10th. Finally, Robert W. Baird raised Roper Technologies from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $619.50.

Roper Technologies Stock Up 0.5 %

Roper Technologies stock traded up $2.88 during mid-day trading on Thursday, reaching $563.74. The stock had a trading volume of 411,544 shares, compared to its average volume of 497,290. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The stock's 50-day simple moving average is $548.48 and its 200-day simple moving average is $545.12. The firm has a market capitalization of $60.35 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion for 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%. On average, sell-side analysts forecast that Roper Technologies will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies's payout ratio is 21.77%.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the firm's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company's stock, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ROP. Wellington Management Group LLP raised its holdings in Roper Technologies by 134.5% during the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company's stock valued at $148,702,000 after acquiring an additional 156,468 shares during the period. Vanguard Group Inc. raised its holdings in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company's stock valued at $5,648,796,000 after acquiring an additional 125,387 shares during the period. American Century Companies Inc. raised its holdings in Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock valued at $341,448,000 after acquiring an additional 118,971 shares during the period. Principal Financial Group Inc. raised its holdings in Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock valued at $1,512,813,000 after acquiring an additional 102,199 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock worth $192,176,000 after purchasing an additional 80,255 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

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.