Roper Technologies (NYSE:ROP) Shares Gap Up – Time to Buy?

Roper Technologies, Inc. (NYSE:ROP) gapped up before the market opened on Thursday . The stock had previously closed at $543.02, but opened at $565.99. Roper Technologies shares last traded at $580.68, with a volume of 85,807 shares changing hands.

Analysts Set New Price Targets

ROP has been the topic of a number of research reports. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday. 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 report on Tuesday. Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Mizuho increased their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Trading Up 0.9 %

The company’s 50-day moving average is $535.93 and its 200 day moving average is $544.98. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm has a market cap of $61.73 billion, a PE ratio of 42.11, a P/E/G ratio of 2.60 and a beta of 1.04.

Roper Technologies Increases Dividend

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

Hedge Funds Weigh In On Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Central Pacific Bank Trust Division increased 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 worth $48,000 after purchasing an additional 22 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter worth about $45,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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.