Roper Technologies (NYSE:ROP) Given New $465.00 Price Target at JPMorgan Chase & Co.

Roper Technologies (NYSE:ROP - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $558.00 to $465.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the industrial products company's stock.

Several other analysts also recently weighed in on ROP. Stifel Nicolaus assumed coverage on Roper Technologies in a research report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective for the company. Oppenheimer increased their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. 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. Finally, Truist Financial reissued a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $620.73.

Remove Ads

Roper Technologies Trading Up 1.9 %

Shares of ROP traded up $10.56 during trading hours on Tuesday, hitting $560.16. The company had a trading volume of 669,052 shares, compared to its average volume of 554,866. The firm has a market cap of $60.15 billion, a P/E ratio of 39.06, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies has a 52-week low of $499.47 and a 52-week high of $595.17. The stock's 50 day moving average price is $572.72 and its 200 day moving average price is $553.98. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio is presently 23.01%.

Insider Buying and Selling

In related news, VP Brandon L. Cross sold 750 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. Company insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its position in shares of Roper Technologies by 34.6% in the 3rd quarter. IHT Wealth Management LLC now owns 533 shares of the industrial products company's stock worth $295,000 after purchasing an additional 137 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Roper Technologies by 60.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 4,467 shares of the industrial products company's stock worth $2,486,000 after buying an additional 1,683 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Roper Technologies by 6.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 101,504 shares of the industrial products company's stock worth $56,481,000 after buying an additional 6,108 shares in the last quarter. Executive Wealth Management LLC purchased a new stake in shares of Roper Technologies during the third quarter valued at approximately $7,348,000. Finally, Brophy Wealth Management LLC bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $356,000. 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.