ValuEngine upgraded shares of Roper Technologies (NYSE:ROP) from a hold rating to a buy rating in a research note released on Monday, February 4th.
A number of other research firms have also recently commented on ROP. Barclays reduced their price target on shares of Roper Technologies from $306.00 to $299.00 and set an equal weight rating for the company in a report on Monday, October 29th. Wells Fargo & Co lifted their price objective on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an outperform rating in a research report on Monday, February 4th. Robert W. Baird lifted their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a neutral rating in a research report on Monday, February 4th. Zacks Investment Research lowered shares of Roper Technologies from a hold rating to a sell rating in a research report on Monday, January 21st. Finally, Stephens assumed coverage on shares of Roper Technologies in a research report on Monday, November 19th. They issued an overweight rating and a $333.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $321.25.
Shares of ROP traded down $0.02 during trading hours on Monday, hitting $323.63. 538,477 shares of the stock were exchanged, compared to its average volume of 411,728. Roper Technologies has a fifty-two week low of $245.59 and a fifty-two week high of $326.74. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 0.64. The stock has a market cap of $33.47 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.13.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, February 1st. The industrial products company reported $3.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.09. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. Roper Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 earnings per share. Sell-side analysts anticipate that Roper Technologies will post 12.18 EPS for the current fiscal year.
In related news, CFO Robert Crisci sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $307.44, for a total transaction of $1,229,760.00. Following the completion of the transaction, the chief financial officer now owns 41,968 shares of the company’s stock, valued at $12,902,641.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the completion of the transaction, the vice president now directly owns 39,521 shares of the company’s stock, valued at approximately $11,683,198.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,750 shares of company stock valued at $7,523,345. 2.30% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Cutler Group LP bought a new position in Roper Technologies in the 4th quarter worth $26,000. Berman Capital Advisors LLC bought a new position in Roper Technologies in the 4th quarter worth $26,000. Proficio Capital Partners LLC raised its holdings in Roper Technologies by 115.8% in the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 66 shares in the last quarter. We Are One Seven LLC bought a new position in Roper Technologies in the 4th quarter worth $35,000. Finally, Claybrook Capital LLC bought a new position in Roper Technologies in the 4th quarter worth $35,000. Institutional investors own 91.04% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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