Roper Technologies (NYSE:ROP) had its price objective raised by Royal Bank of Canada from $393.00 to $404.00 in a report released on Tuesday morning, The Fly reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Co raised their price objective on shares of Roper Technologies from $400.00 to $450.00 and gave the company an outperform rating in a report on Tuesday, July 23rd. Stephens raised their price objective on shares of Roper Technologies from $390.00 to $402.00 and gave the company an overweight rating in a report on Tuesday, April 30th. Barclays raised their price objective on shares of Roper Technologies from $342.00 to $355.00 and gave the company an equal weight rating in a report on Tuesday, July 9th. Raymond James raised their price objective on shares of Roper Technologies from $370.00 to $394.00 and gave the company an outperform rating in a report on Wednesday, July 3rd. Finally, Oppenheimer raised their price objective on shares of Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of Buy and a consensus price target of $375.20.

Shares of ROP opened at $366.76 on Tuesday. Roper Technologies has a twelve month low of $245.59 and a twelve month high of $385.51. The firm’s fifty day simple moving average is $362.73 and its 200-day simple moving average is $350.18. The firm has a market capitalization of $38.14 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 2.47 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $2.89 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Roper Technologies will post 13 earnings per share for the current fiscal year.

In related news, Director Robert E. Knowling, Jr. sold 2,000 shares of Roper Technologies stock in a transaction on Monday, June 17th. The shares were sold at an average price of $363.44, for a total transaction of $726,880.00. Following the sale, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Johnson sold 750 shares of Roper Technologies stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $344.76, for a total transaction of $258,570.00. Following the sale, the director now owns 7,700 shares in the company, valued at $2,654,652. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Hoylecohen LLC acquired a new position in Roper Technologies in the first quarter valued at $256,000. FMR LLC increased its stake in Roper Technologies by 95.8% in the first quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock valued at $592,690,000 after purchasing an additional 848,157 shares during the period. Northern Trust Corp increased its stake in Roper Technologies by 1.8% in the first quarter. Northern Trust Corp now owns 1,183,835 shares of the industrial products company’s stock valued at $404,835,000 after purchasing an additional 21,194 shares during the period. Tredje AP fonden increased its stake in Roper Technologies by 1.5% in the first quarter. Tredje AP fonden now owns 8,779 shares of the industrial products company’s stock valued at $3,002,000 after purchasing an additional 129 shares during the period. Finally, San Francisco Sentry Investment Group CA increased its stake in Roper Technologies by 6.0% in the second quarter. San Francisco Sentry Investment Group CA now owns 2,672 shares of the industrial products company’s stock valued at $978,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 93.36% 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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The Fly

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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