Roper Technologies (NYSE:ROP) PT Lowered to $666.00

Roper Technologies (NYSE:ROP) had its price target lowered by equities researchers at Royal Bank of Canada from $675.00 to $666.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 22.23% from the company’s current price.

A number of other equities research analysts have also weighed in on ROP. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays lifted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Up 0.4 %

NYSE ROP traded up $1.94 during mid-day trading on Thursday, reaching $544.88. 148,679 shares of the company’s stock traded hands, compared to its average volume of 495,522. Roper Technologies has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a fifty day simple moving average of $551.48 and a 200-day simple moving average of $545.46. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company has a market cap of $58.41 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. As a group, equities research analysts expect that Roper Technologies will post 18.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Several hedge funds have recently added to or reduced their stakes in ROP. Wealthcare Advisory Partners LLC raised its stake in Roper Technologies by 6.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 425 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 27 shares in the last quarter. Procyon Advisors LLC raised its stake in Roper Technologies by 2.3% during the 1st quarter. Procyon Advisors LLC now owns 2,505 shares of the industrial products company’s stock valued at $1,405,000 after acquiring an additional 56 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Roper Technologies by 160.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 962 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 592 shares in the last quarter. OneAscent Financial Services LLC raised its stake in Roper Technologies by 3.0% during the 1st quarter. OneAscent Financial Services LLC now owns 1,588 shares of the industrial products company’s stock valued at $890,000 after acquiring an additional 46 shares in the last quarter. Finally, Independence Bank of Kentucky raised its stake in Roper Technologies by 114.0% during the 1st quarter. Independence Bank of Kentucky now owns 122 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 65 shares in the last quarter. 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.