Roper Technologies (NYSE:ROP) Price Target Raised to $625.00 at Barclays

Roper Technologies (NYSE:ROPGet Free Report) had its price target increased by equities research analysts at Barclays from $611.00 to $625.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective would suggest a potential upside of 13.01% from the company’s current price.

A number of other analysts have also issued reports on ROP. Mizuho lifted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.09.

Check Out Our Latest Report on Roper Technologies

Roper Technologies Trading Up 0.5 %

ROP opened at $553.06 on Wednesday. The firm has a market capitalization of $59.20 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.92 and a beta of 1.02. The firm’s 50 day moving average is $544.99 and its 200-day moving average is $543.55. Roper Technologies has a 52-week low of $472.18 and a 52-week high of $569.49. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROPGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.90 earnings per share. Analysts expect that Roper Technologies will post 18.17 EPS for the current fiscal year.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Wright sold 300 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. LGT Group Foundation lifted its holdings in shares of Roper Technologies by 4.9% during the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock worth $21,288,000 after buying an additional 1,804 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Roper Technologies by 236.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 5,789 shares during the period. Schwartz Investment Counsel Inc. lifted its position in Roper Technologies by 3.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after purchasing an additional 3,500 shares during the period. Sequoia Financial Advisors LLC lifted its position in Roper Technologies by 229.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after purchasing an additional 3,660 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Roper Technologies by 42.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock valued at $7,986,000 after acquiring an additional 4,334 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

(Get Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and 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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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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