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.
ILLEGAL ACTIVITY NOTICE: “Roper Technologies, Inc. (ROP) Lowered to “Buy” at BidaskClub” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/roper-technologies-inc-rop-cut-to-buy-at-bidaskclub-updated-updated-updated.html.
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
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.