Roper Technologies Inc (ROP) Receives Consensus Rating of “Buy” from Brokerages

Shares of Roper Technologies Inc (NYSE:ROP) have earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $253.67.

Several research analysts have weighed in on the company. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research report on Monday, October 2nd. Robert W. Baird boosted their price objective on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer boosted their price objective on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Royal Bank of Canada boosted their price objective on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Finally, Cowen reissued a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th.

Roper Technologies (ROP) opened at $255.90 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. Roper Technologies has a 1 year low of $182.03 and a 1 year high of $267.83. The firm has a market capitalization of $26,251.81, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 2.23 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. equities analysts expect that Roper Technologies will post 9.31 EPS for the current year.

In other news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares of the company’s stock, valued at approximately $3,569,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert D. Johnson sold 1,200 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the transaction, the director now directly owns 9,700 shares in the company, valued at approximately $2,522,291. The disclosure for this sale can be found here. Insiders have sold a total of 10,450 shares of company stock worth $2,639,736 in the last ninety days. Insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Roper Technologies by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after purchasing an additional 23 shares in the last quarter. Bellwether Investment Group LLC lifted its holdings in Roper Technologies by 1.2% during the 2nd quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 26 shares in the last quarter. Scotia Capital Inc. lifted its holdings in Roper Technologies by 1.8% during the 2nd quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 30 shares in the last quarter. Fiera Capital Corp lifted its holdings in Roper Technologies by 3.5% during the 2nd quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 45 shares in the last quarter. Finally, Burney Co. lifted its holdings in Roper Technologies by 5.1% during the 2nd quarter. Burney Co. now owns 1,030 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 50 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

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