BidaskClub Downgrades Roper Technologies, Inc. (ROP) to Buy

Roper Technologies, Inc. (NYSE:ROP) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 24th.

A number of other research firms have also issued reports on ROP. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a research note on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Raymond James Financial, Inc. upped their target price on Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Finally, Barclays PLC upped their target price on Roper Technologies from $221.00 to $237.00 and gave the stock an “overweight” rating in a research note on Monday, May 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $238.42.

Shares of Roper Technologies (NYSE ROP) opened at 229.54 on Monday. The stock’s 50 day moving average price is $233.98 and its 200 day moving average price is $218.33. Roper Technologies has a 12-month low of $167.50 and a 12-month high of $238.49. The firm has a market capitalization of $23.46 billion, a price-to-earnings ratio of 34.37 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities research analysts expect that Roper Technologies will post $9.27 earnings per share for the current year.

WARNING: This report was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/12/roper-technologies-inc-rop-cut-to-buy-at-bidaskclub-updated-updated.html.

In related news, Director Christopher Wright sold 1,800 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the sale, the director now directly owns 66,104 shares in the company, valued at approximately $15,117,984.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wilbur J. Prezzano sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now owns 22,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this sale can be found here. Insiders sold a total of 5,800 shares of company stock valued at $1,353,200 over the last quarter. Company insiders own 2.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Motco boosted its stake in shares of Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock valued at $101,000 after buying an additional 387 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after buying an additional 106 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock valued at $129,000 after buying an additional 51 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock valued at $148,000 after buying an additional 51 shares in the last quarter. Institutional investors own 96.93% of the company’s stock.

Roper Technologies Company Profile

Analyst Recommendations for Roper Technologies (NYSE:ROP)

What are top analysts saying about Roper Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Roper Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit