Roper Technologies (NYSE:ROP) received a $310.00 price objective from research analysts at Wells Fargo & Co in a research note issued on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Co’s price target points to a potential upside of 12.45% from the company’s previous close.
ROP has been the topic of a number of other reports. Oppenheimer lifted their price objective on Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Cowen restated a “buy” rating and set a $250.00 price target on shares of Roper Technologies in a research note on Thursday, October 12th. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada boosted their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, JPMorgan Chase & Co. upgraded Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $223.00 to $275.00 in a research note on Wednesday, September 20th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $260.75.
Roper Technologies (NYSE:ROP) traded down $0.73 during trading on Thursday, hitting $275.69. The stock had a trading volume of 645,311 shares, compared to its average volume of 410,267. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $28,220.00, a price-to-earnings ratio of 40.07, a PEG ratio of 2.22 and a beta of 1.06. Roper Technologies has a twelve month low of $185.11 and a twelve month high of $277.41.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. analysts predict that Roper Technologies will post 9.31 earnings per share for the current year.
In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the sale, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at $376,093,527.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total value of $64,660.00. Following the sale, the director now directly owns 64,450 shares in the company, valued at $16,669,348. The disclosure for this sale can be found here. Insiders have sold 198,759 shares of company stock worth $53,547,538 over the last ninety days. Company insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC boosted its holdings in Roper Technologies by 6.2% during the third quarter. LS Investment Advisors LLC now owns 8,507 shares of the industrial products company’s stock valued at $2,071,000 after purchasing an additional 499 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Roper Technologies by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 247,287 shares of the industrial products company’s stock worth $60,190,000 after acquiring an additional 12,087 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Roper Technologies by 2.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 73,606 shares of the industrial products company’s stock worth $17,766,000 after acquiring an additional 1,535 shares in the last quarter. FDx Advisors Inc. boosted its holdings in shares of Roper Technologies by 4.3% in the 3rd quarter. FDx Advisors Inc. now owns 10,251 shares of the industrial products company’s stock worth $2,495,000 after acquiring an additional 424 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Roper Technologies by 7.5% in the 3rd quarter. Aperio Group LLC now owns 79,290 shares of the industrial products company’s stock worth $19,299,000 after acquiring an additional 5,550 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors.
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About Roper Technologies
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.