Roper Technologies (NYSE:ROP) Rating Lowered to Hold at StockNews.com

Roper Technologies (NYSE:ROPGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Shares of ROP stock opened at $430.59 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.28 and a quick ratio of 1.22. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.67 and a beta of 1.01. The stock has a 50 day simple moving average of $461.22 and a 200-day simple moving average of $463.74. Roper Technologies has a 1-year low of $417.54 and a 1-year high of $505.00.

Roper Technologies (NYSE:ROPGet Rating) last announced its earnings results on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.09. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.48 billion. Roper Technologies had a return on equity of 13.36% and a net margin of 47.36%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 EPS. Analysts anticipate that Roper Technologies will post 15.64 earnings per share for the current fiscal year.

In other news, Director Robert D. Johnson sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $449.21, for a total value of $112,302.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. B. Riley Wealth Management Inc. boosted its holdings in shares of Roper Technologies by 5.3% during the 1st quarter. B. Riley Wealth Management Inc. now owns 5,753 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 288 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in shares of Roper Technologies by 0.7% in the 1st quarter. OLD Second National Bank of Aurora now owns 7,508 shares of the industrial products company’s stock valued at $3,546,000 after buying an additional 51 shares during the period. ProShare Advisors LLC grew its stake in shares of Roper Technologies by 17.0% in the 1st quarter. ProShare Advisors LLC now owns 376,458 shares of the industrial products company’s stock valued at $177,775,000 after buying an additional 54,644 shares during the period. LS Investment Advisors LLC grew its stake in shares of Roper Technologies by 7.7% in the 1st quarter. LS Investment Advisors LLC now owns 14,533 shares of the industrial products company’s stock valued at $6,863,000 after buying an additional 1,040 shares during the period. Finally, Smith Salley & Associates grew its stake in shares of Roper Technologies by 1.7% in the 1st quarter. Smith Salley & Associates now owns 35,827 shares of the industrial products company’s stock valued at $16,918,000 after buying an additional 609 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Roper Technologies Company Profile (Get Rating)

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

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