ValuEngine lowered shares of Roper Technologies (NYSE:ROP) from a buy rating to a hold rating in a research report report published on Tuesday, ValuEngine reports.

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.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.05 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, equities analysts forecast that Roper Technologies will post 13.01 EPS for the current fiscal year.

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.

See Also: Why is the ex-dividend date different from the record date?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.