Roper Technologies (NYSE:ROP) had its price target hoisted by research analysts at Robert W. Baird from $285.00 to $306.00 in a report released on Monday. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential upside of 2.73% from the stock’s current price.
Several other research analysts also recently commented on ROP. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Barclays cut their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a report on Monday, October 29th. Stephens began coverage on shares of Roper Technologies in a report on Monday, November 19th. They issued an “overweight” rating and a $333.00 price target on the stock. Finally, ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $321.38.
Shares of ROP opened at $297.86 on Monday. The company has a market capitalization of $30.23 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.95 and a beta of 1.13. The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. Roper Technologies has a 1-year low of $245.59 and a 1-year high of $312.65.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.13 by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $2.70 earnings per share. On average, analysts anticipate that Roper Technologies will post 12.12 EPS for the current fiscal year.
In other news, Director Robert E. Knowling, Jr. sold 1,000 shares of the stock in a transaction on Monday, November 26th. The stock was sold at an average price of $286.07, for a total transaction of $286,070.00. Following the transaction, the director now owns 13,038 shares of the company’s stock, valued at approximately $3,729,780.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert D. Johnson sold 750 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $301.86, for a total value of $226,395.00. Following the transaction, the director now directly owns 9,200 shares in the company, valued at approximately $2,777,112. The disclosure for this sale can be found here. Insiders have sold a total of 2,350 shares of company stock worth $689,375 in the last 90 days. 2.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Villere ST Denis J & Co. LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth about $59,432,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Roper Technologies by 71.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 436,175 shares of the industrial products company’s stock worth $129,200,000 after acquiring an additional 181,045 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Roper Technologies by 21.4% in the third quarter. Bank of New York Mellon Corp now owns 952,273 shares of the industrial products company’s stock worth $282,073,000 after acquiring an additional 168,161 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Roper Technologies by 12.1% in the third quarter. JPMorgan Chase & Co. now owns 1,249,142 shares of the industrial products company’s stock worth $370,008,000 after acquiring an additional 134,469 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in Roper Technologies by 32.7% during the third quarter. Marshall Wace North America L.P. now owns 507,364 shares of the industrial products company’s stock worth $150,286,000 after buying an additional 124,939 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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