Roper Technologies (NYSE:ROP) Now Covered by Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Roper Technologies (NYSE:ROP) in a research report released on Thursday, MarketBeat reports. The firm issued a buy rating and a $685.00 target price on the industrial products company’s stock.

ROP has been the topic of a number of other research reports. Oppenheimer boosted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

Roper Technologies Price Performance

Shares of ROP opened at $582.64 on Thursday. The firm has a 50-day simple moving average of $570.85 and a two-hundred day simple moving average of $553.71. The stock has a market cap of $62.57 billion, a PE ratio of 40.63, a P/E/G ratio of 2.77 and a beta of 1.06. Roper Technologies has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies Announces Dividend

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 paid a $0.825 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 23.01%.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now directly owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Several hedge funds have recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies during the 4th quarter worth $26,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth about $31,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the 4th quarter valued at about $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $38,000. Finally, Parvin Asset Management LLC purchased a new position in Roper Technologies during the 4th quarter worth approximately $39,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.