Roper Technologies (NYSE:ROP) had its price target upped by stock analysts at Wells Fargo & Co from $342.00 to $345.00 in a note issued to investors on Monday, February 4th. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Wells Fargo & Co‘s price target suggests a potential upside of 6.60% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Robert W. Baird increased their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Barclays reduced their price objective on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research note on Monday, October 29th. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Finally, Stephens assumed coverage on shares of Roper Technologies in a research note on Monday, November 19th. They issued an “overweight” rating and a $333.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and an average target price of $321.25.
Roper Technologies stock traded down $0.02 during midday trading on Monday, reaching $323.63. 538,477 shares of the company traded hands, compared to its average volume of 411,728. The company has a market cap of $33.47 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.13. Roper Technologies has a 12 month low of $245.59 and a 12 month 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.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, February 1st. The industrial products company reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.09. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sell-side analysts expect that Roper Technologies will post 12.18 EPS for the current fiscal year.
In related news, Director Robert D. Johnson sold 750 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $301.86, for a total transaction of $226,395.00. Following the completion of the transaction, the director now directly owns 9,200 shares of the company’s stock, valued at $2,777,112. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wilbur J. Prezzano sold 6,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $311.61, for a total transaction of $1,869,660.00. Following the transaction, the director now directly owns 20,206 shares of the company’s stock, valued at $6,296,391.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,750 shares of company stock valued at $7,523,345. Corporate insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in Roper Technologies by 22.6% during the second quarter. Advisors Asset Management Inc. now owns 11,879 shares of the industrial products company’s stock valued at $3,278,000 after purchasing an additional 2,186 shares during the last quarter. Schroder Investment Management Group lifted its position in Roper Technologies by 3.2% during the second quarter. Schroder Investment Management Group now owns 259,960 shares of the industrial products company’s stock valued at $70,587,000 after purchasing an additional 8,071 shares during the last quarter. United Services Automobile Association lifted its position in Roper Technologies by 1.7% during the second quarter. United Services Automobile Association now owns 33,123 shares of the industrial products company’s stock valued at $9,139,000 after purchasing an additional 543 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Roper Technologies during the third quarter valued at $420,000. Finally, Atria Investments LLC lifted its position in Roper Technologies by 40.3% during the third quarter. Atria Investments LLC now owns 5,910 shares of the industrial products company’s stock valued at $1,751,000 after purchasing an additional 1,699 shares during the last quarter. 91.04% of the stock is owned by institutional investors.
Roper Technologies Company Profile
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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