Roper Technologies (NYSE:ROP) Cut to “Hold” at ValuEngine
Several other brokerages have also recently issued reports on ROP. Zacks Investment Research cut Roper Technologies from a buy rating to a hold rating and set a $394.00 price target on the stock. in a research report on Monday. Oppenheimer upped their target price on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Royal Bank of Canada upped their price objective on Roper Technologies from $393.00 to $404.00 and gave the company an outperform rating in a research report on Tuesday, August 27th. Barclays increased their target price on Roper Technologies from $342.00 to $355.00 and gave the stock an equal weight rating in a research report on Tuesday, July 9th. Finally, Wells Fargo & Co upped their price target on Roper Technologies from $400.00 to $450.00 and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Roper Technologies currently has a consensus rating of Buy and a consensus price target of $377.50.
Shares of ROP stock traded down $0.16 during mid-day trading on Tuesday, hitting $358.32. 3,290 shares of the stock traded hands, compared to its average volume of 380,798. The stock has a market cap of $36.83 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.47 and a beta of 1.16. The stock’s fifty day moving average is $359.64 and its two-hundred day moving average is $353.50. Roper Technologies has a 52-week low of $245.59 and a 52-week high of $385.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 2,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total value of $726,880.00. Following the transaction, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total transaction of $181,520.00. Following the completion of the transaction, the director now owns 9,080 shares in the company, valued at $3,296,403.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,000 shares of company stock worth $1,449,210 in the last 90 days. 1.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Hoylecohen LLC bought a new position in shares of Roper Technologies in the first quarter worth approximately $256,000. FMR LLC raised its position in shares of Roper Technologies by 95.8% during the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after buying an additional 848,157 shares in the last quarter. Northern Trust Corp raised its position in Roper Technologies by 1.8% in the 1st quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock worth $404,835,000 after purchasing an additional 21,194 shares during the period. Tredje AP fonden raised its position in Roper Technologies by 1.5% in the 1st quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock worth $3,002,000 after purchasing an additional 129 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its position in Roper Technologies by 6.0% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,672 shares of the industrial products company’s stock worth $978,000 after purchasing an additional 151 shares during the period. Institutional investors own 92.42% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.
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