Roper Technologies (NYSE:ROP) Rating Reiterated by Oppenheimer

Roper Technologies (NYSE:ROP)‘s stock had its “outperform” rating restated by investment analysts at Oppenheimer in a report released on Monday, Benzinga reports. They currently have a $650.00 target price on the industrial products company’s stock. Oppenheimer’s price objective indicates a potential upside of 27.09% from the stock’s previous close.

Several other equities analysts also recently weighed in on ROP. Royal Bank of Canada cut their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Mizuho upped their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. Finally, Barclays increased their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $579.83.

Roper Technologies Stock Down 0.4 %

NYSE:ROP opened at $511.46 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The company has a 50-day moving average of $543.76 and a 200 day moving average of $534.01. Roper Technologies has a 1-year low of $441.06 and a 1-year high of $565.00. The firm has a market cap of $54.74 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company posted $3.90 earnings per share. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts anticipate that Roper Technologies will post 18.08 EPS for the current fiscal year.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ROP. Symphony Financial Ltd. Co. raised its stake in Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares during the last quarter. Beaumont Financial Advisors LLC grew its holdings in Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 20 shares in the last quarter. Legacy Private Trust Co. increased its position in shares of Roper Technologies by 4.4% during the first quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 20 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Roper Technologies by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after buying an additional 20 shares during the last quarter. Finally, NorthRock Partners LLC raised its holdings in Roper Technologies by 1.7% in the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.