Brokerages Set Roper Technologies Inc (ROP) Target Price at $253.67
Shares of Roper Technologies Inc (NYSE:ROP) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $253.67.
Several analysts have weighed in on ROP shares. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a report on Monday, October 2nd. Robert W. Baird boosted their price objective on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Finally, Royal Bank of Canada upped their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st.
In related news, Director Christopher Wright sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the transaction, the director now directly owns 64,450 shares in the company, valued at approximately $16,669,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Johnson sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the transaction, the director now owns 9,700 shares of the company’s stock, valued at $2,522,291. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,450 shares of company stock valued at $2,639,736. 2.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of ROP. Janney Montgomery Scott LLC grew its position in shares of Roper Technologies by 74.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,362 shares of the industrial products company’s stock valued at $778,000 after purchasing an additional 1,435 shares during the period. Wetherby Asset Management Inc. grew its position in shares of Roper Technologies by 10.3% in the 2nd quarter. Wetherby Asset Management Inc. now owns 1,139 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 106 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Roper Technologies by 4.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 324,930 shares of the industrial products company’s stock valued at $75,232,000 after purchasing an additional 13,871 shares during the period. Advisors Asset Management Inc. boosted its position in Roper Technologies by 8.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,005 shares of the industrial products company’s stock worth $2,316,000 after acquiring an additional 810 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in Roper Technologies during the 2nd quarter worth approximately $1,656,000. Institutional investors and hedge funds own 93.78% of the company’s stock.
Shares of Roper Technologies (ROP) traded up $0.24 during trading hours on Thursday, reaching $252.62. The company’s stock had a trading volume of 909,552 shares, compared to its average volume of 371,144. The company has a market cap of $25,856.13, a PE ratio of 29.47, a P/E/G ratio of 2.20 and a beta of 1.06. Roper Technologies has a 12-month low of $182.03 and a 12-month high of $267.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 EPS. sell-side analysts expect that Roper Technologies will post 9.31 EPS for the current fiscal year.
Roper Technologies Company Profile
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