Roper Technologies (NYSE:ROP) had its price target hoisted by stock analysts at Royal Bank of Canada to $319.00 in a report issued on Monday, The Fly reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 19.59% from the company’s current price.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 target price on the stock in a research report on Monday, January 22nd. Wells Fargo & Co set a $310.00 target price on Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Cowen restated a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, Robert W. Baird increased their price target on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Roper Technologies has an average rating of “Buy” and an average price target of $278.62.
Roper Technologies (NYSE ROP) traded down $18.45 on Monday, reaching $266.75. The company had a trading volume of 1,000,000 shares, compared to its average volume of 392,742. Roper Technologies has a 12-month low of $191.22 and a 12-month high of $290.42. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The firm has a market cap of $27,310.00, a PE ratio of 28.44, a P/E/G ratio of 2.08 and a beta of 1.08.
In other Roper Technologies news, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $260.03, for a total transaction of $312,036.00. Following the completion of the transaction, the director now directly owns 9,700 shares of the company’s stock, valued at approximately $2,522,291. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian D. Jellison sold 215,411 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $277.22, for a total value of $59,716,237.42. Following the transaction, the chief executive officer now directly owns 1,564,778 shares of the company’s stock, valued at $433,787,757.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 439,526 shares of company stock valued at $120,362,826. 2.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter worth $117,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 152 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Roper Technologies by 113.6% during the 3rd quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 350 shares in the last quarter. Zions Bancorporation boosted its stake in shares of Roper Technologies by 3,457.9% during the 3rd quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 657 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Roper Technologies during the 2nd quarter worth $190,000. 93.36% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Royal Bank of Canada Raises Roper Technologies (ROP) Price Target to $319.00” was originally published by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/05/royal-bank-of-canada-raises-roper-technologies-rop-price-target-to-319-00.html.
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.
