Roper Technologies (NYSE:ROP) Upgraded at TD Cowen

TD Cowen upgraded shares of Roper Technologies (NYSE:ROP) from a hold rating to a buy rating in a research note published on Tuesday, MarketBeat reports. TD Cowen currently has $615.00 price objective on the industrial products company’s stock, up from their previous price objective of $535.00.

ROP has been the topic of a number of other research reports. Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Stock Up 5.1 %

Shares of Roper Technologies stock opened at $570.60 on Tuesday. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $584.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market capitalization of $61.19 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The business has a 50-day moving average of $535.28 and a two-hundred day moving average of $544.69.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. 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. Roper Technologies’s dividend payout ratio is 24.14%.

Hedge Funds Weigh In On Roper Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies during the third quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Roper Technologies by 7,500.0% during 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 acquiring an additional 75 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $42,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Roper Technologies during the fourth quarter worth approximately $45,000. 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.