Roper Technologies, Inc. (ROP) PT Raised to $257.00 at Robert W. Baird
Roper Technologies, Inc. (NYSE:ROP) had its price objective lifted by analysts at Robert W. Baird from $238.00 to $257.00 in a note issued to investors on Tuesday. The firm currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential downside of 0.02% from the stock’s previous close.
Several other research analysts have also issued reports on ROP. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 target price on the stock in a research note on Tuesday, July 4th. Raymond James Financial, Inc. increased their price target on shares of Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 price target on shares of Roper Technologies in a research report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $249.15.
Roper Technologies (NYSE:ROP) traded up 0.40% during mid-day trading on Tuesday, hitting $258.07. 49,300 shares of the company were exchanged. Roper Technologies has a 12-month low of $169.42 and a 12-month high of $259.17. The company has a 50 day moving average of $247.61 and a 200 day moving average of $233.22. The stock has a market cap of $26.38 billion, a P/E ratio of 38.64 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. On average, equities research analysts expect that Roper Technologies will post $9.28 earnings per share for the current fiscal year.
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In other Roper Technologies news, Director Wilbur J. Prezzano sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total transaction of $471,600.00. Following the sale, the director now directly owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Wright sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $234.00, for a total transaction of $234,000.00. Following the sale, the director now owns 65,104 shares in the company, valued at $15,234,336. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock worth $2,754,530 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Independent Portfolio Consultants Inc. raised its holdings in Roper Technologies by 164.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after buying an additional 313 shares during the period. Parallel Advisors LLC raised its holdings in Roper Technologies by 26.8% during the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock worth $117,000 after buying an additional 106 shares during the period. Tower Research Capital LLC TRC raised its holdings in Roper Technologies by 34.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock worth $136,000 after buying an additional 152 shares during the period. Sun Life Financial INC raised its holdings in Roper Technologies by 6,690.9% during the 2nd quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock worth $173,000 after buying an additional 736 shares during the period. Finally, Creative Planning raised its holdings in shares of Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.
About Roper Technologies
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