Roper Technologies (NYSE:ROP) had its target price upped by Canaccord Genuity from $260.00 to $310.00 in a research report issued on Monday. The firm presently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity’s target price indicates a potential upside of 15.53% from the company’s current price.
ROP has been the subject of several other research reports. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective for the company in a research note on Monday, January 22nd. Oppenheimer upped their price objective on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Cowen reaffirmed a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a research note on Thursday, October 12th. Citigroup reaffirmed an “outperform” rating and set a $335.00 price objective (up previously from $275.00) on shares of Roper Technologies in a research note on Monday. Finally, Royal Bank of Canada upped their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Roper Technologies presently has an average rating of “Buy” and an average target price of $278.62.
Roper Technologies (NYSE ROP) traded down $16.87 during mid-day trading on Monday, hitting $268.33. 829,585 shares of the stock were exchanged, compared to its average volume of 422,774. The stock has a market capitalization of $29,193.70, a PE ratio of 29.33, a P/E/G ratio of 2.08 and a beta of 1.08. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Roper Technologies has a twelve month low of $191.22 and a twelve month high of $290.42.
In other Roper Technologies news, CEO Brian D. Jellison sold 215,411 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $433,787,757.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the transaction, the chief executive officer now owns 1,448,575 shares in the company, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders sold a total of 439,526 shares of company stock worth $120,362,826 over the last quarter. 2.50% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Alps Advisors Inc. acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $211,000. Neumann Capital Management LLC lifted its holdings in shares of Roper Technologies by 6.5% in the 4th quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $888,000 after acquiring an additional 210 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $4,144,000. Raymond James Trust N.A. lifted its holdings in shares of Roper Technologies by 14.1% in the 4th quarter. Raymond James Trust N.A. now owns 4,689 shares of the industrial products company’s stock worth $1,214,000 after acquiring an additional 580 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Roper Technologies by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 18,964 shares of the industrial products company’s stock worth $4,912,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 93.36% of the company’s stock.
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Roper Technologies Company Profile
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.
