Roper Technologies (NYSE:ROP) had its price target raised by JPMorgan Chase & Co. from $300.00 to $303.00 in a research note released on Tuesday. They currently have an overweight rating on the industrial products company’s stock.
Other equities research analysts have also issued research reports about the stock. Robert W. Baird reissued a hold rating on shares of Roper Technologies in a report on Monday, February 5th. Citigroup reissued an outperform rating and issued a $335.00 price target (up previously from $275.00) on shares of Roper Technologies in a report on Monday, February 5th. Cowen reissued a buy rating and issued a $310.00 price target on shares of Roper Technologies in a report on Tuesday, March 6th. Barclays assumed coverage on shares of Roper Technologies in a research note on Thursday, February 15th. They set an equal weight rating and a $285.00 target price on the stock. Finally, Zacks Investment Research cut shares of Roper Technologies from a buy rating to a hold rating in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $303.58.
Shares of Roper Technologies opened at $281.95 on Tuesday, according to MarketBeat. The firm has a market capitalization of $28.86 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.53. Roper Technologies has a one year low of $225.49 and a one year high of $292.97.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 20th. The industrial products company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.49 by $0.12. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 EPS. equities research analysts expect that Roper Technologies will post 11.24 earnings per share for the current year.
In other Roper Technologies news, Director Christopher Wright sold 500 shares of Roper Technologies stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total transaction of $141,995.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Litman Gregory Asset Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter valued at about $105,000. Jacobi Capital Management LLC boosted its position in shares of Roper Technologies by 99.0% during the 1st quarter. Jacobi Capital Management LLC now owns 386 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 192 shares during the last quarter. Three Peaks Capital Management LLC acquired a new position in shares of Roper Technologies during the 1st quarter valued at about $114,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Roper Technologies during the 4th quarter valued at about $117,000. Finally, Signaturefd LLC acquired a new position in shares of Roper Technologies during the 1st quarter valued at about $130,000. 93.20% of the stock is currently 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.
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.