Oppenheimer Forecasts Strong Price Appreciation for Roper Technologies (NYSE:ROP) Stock

Roper Technologies (NYSE:ROP) had its target price raised by Oppenheimer from $630.00 to $640.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Stock Performance

NYSE ROP opened at $575.65 on Friday. The company has a market capitalization of $61.73 billion, a P/E ratio of 42.11, a PEG 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 has a 1-year low of $499.47 and a 1-year high of $584.31. The business has a 50 day moving average price of $535.93 and a 200 day moving average price of $544.98.

Roper Technologies Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $45,000. Central Pacific Bank Trust Division raised its position in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies in the fourth quarter valued at about $49,000. 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.