Roper Technologies (NYSE:ROP) Rating Reiterated by Oppenheimer

Roper Technologies (NYSE:ROP)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer in a research note issued to investors on Monday, Benzinga reports. They currently have a $650.00 price objective on the industrial products company’s stock. Oppenheimer’s target price would suggest a potential upside of 26.12% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Raymond James boosted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada cut their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday. Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $579.83.

Roper Technologies Price Performance

Shares of NYSE ROP traded down $11.40 during trading hours on Monday, reaching $515.38. 346,218 shares of the stock traded hands, compared to its average volume of 503,255. The company has a market capitalization of $55.16 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. 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 has a 52-week low of $441.06 and a 52-week high of $565.00. The company’s 50-day simple moving average is $545.05 and its two-hundred day simple moving average is $533.84.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $3.90 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Equities research analysts forecast that Roper Technologies will post 18.08 EPS for the current year.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional Trading of Roper Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new position in Roper Technologies in the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $27,000. Rise Advisors LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the fourth quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies in the fourth quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Company Profile

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.