Roper Technologies (NYSE:ROP) Given New $505.00 Price Target at Oppenheimer


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Roper Technologies (NYSE:ROP) had its target price increased by equities research analysts at Oppenheimer from $460.00 to $505.00 in a report issued on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price would indicate a potential upside of 21.76% from the stock’s previous close.

A number of other brokerages have also commented on ROP. Argus boosted their price target on Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, February 2nd. JPMorgan Chase & Co. cut their price target on Roper Technologies from $320.00 to $310.00 and set an “underweight” rating on the stock in a report on Monday, February 1st. Finally, Barclays boosted their price target on Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $433.78.

Shares of NYSE ROP opened at $414.74 on Thursday. The stock has a market cap of $43.52 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.73 and a beta of 1.03. The firm has a 50 day moving average price of $392.89 and a 200 day moving average price of $406.10. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.64 and a current ratio of 0.73. Roper Technologies has a 52-week low of $304.55 and a 52-week high of $455.72.

Roper Technologies (NYSE:ROP) last announced its earnings results on Thursday, January 28th. The industrial products company reported $3.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.49 by $0.07. Roper Technologies had a net margin of 28.89% and a return on equity of 13.53%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business earned $3.39 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts predict that Roper Technologies will post 12.65 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $25,000. Samalin Investment Counsel LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $26,000. Childress Capital Advisors LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $27,000. Capital Asset Advisory Services LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $31,000. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $34,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.

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