Roper Technologies, Inc. (ROP) Lowered to “Buy” at BidaskClub

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

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada restated an “outperform” rating and issued a $248.00 price objective (up previously from $245.00) on shares of Roper Technologies in a report on Monday, May 1st. Barclays PLC raised their price objective on Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a report on Monday, May 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research note on Friday, July 7th. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $250.00 target price (up from $220.00) on shares of Roper Technologies in a research note on Monday, April 17th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Roper Technologies currently has an average rating of “Buy” and an average target price of $238.42.

Shares of Roper Technologies (ROP) traded down 0.48% during mid-day trading on Monday, hitting $228.20. The company’s stock had a trading volume of 404,242 shares. The stock has a market cap of $23.33 billion, a PE ratio of 34.17 and a beta of 1.04. The company has a 50-day moving average price of $234.02 and a 200-day moving average price of $219.82. Roper Technologies has a 1-year low of $167.50 and a 1-year high of $238.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. Roper Technologies’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 EPS. Analysts predict that Roper Technologies will post $9.27 EPS for the current fiscal year.

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In other news, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the sale, the director now directly owns 65,104 shares in the company, valued at $15,234,336. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wilbur J. Prezzano sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total transaction of $471,600.00. Following the completion of 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 have sold 6,800 shares of company stock valued at $1,587,200 over the last 90 days. Company insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Roper Technologies by 2,678.8% in the first quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after buying an additional 7,689,856 shares during the last quarter. Janus Henderson Group PLC increased its stake in Roper Technologies by 309.5% in the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after buying an additional 687,588 shares during the last quarter. Vanguard Group Inc. increased its stake in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock worth $2,168,593,000 after buying an additional 479,056 shares during the last quarter. Mar Vista Investment Partners LLC acquired a new stake in Roper Technologies during the first quarter worth $81,545,000. Finally, Renaissance Technologies LLC acquired a new stake in Roper Technologies during the first quarter worth $76,360,000. Institutional investors own 96.65% of the company’s stock.

Roper Technologies Company Profile

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