Roper Technologies, Inc. (ROP) Given Buy Rating at Oppenheimer Holdings Inc.

Roper Technologies, Inc. (NYSE:ROP)‘s stock had its “buy” rating reissued by analysts at Oppenheimer Holdings Inc. in a research note issued to investors on Monday.

A number of other research firms also recently weighed in on ROP. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a report on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $248.00 target price on shares of Roper Technologies in a report on Wednesday, July 12th. Raymond James Financial, Inc. lifted their target price on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Canaccord Genuity reaffirmed a “hold” rating and issued a $225.00 price target on shares of Roper Technologies in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and a consensus target price of $244.17.

Shares of Roper Technologies (NYSE ROP) traded down 0.77% during trading on Monday, hitting $255.59. 226,593 shares of the stock were exchanged. The company has a market cap of $26.13 billion, a P/E ratio of 38.27 and a beta of 1.04. Roper Technologies has a 1-year low of $167.50 and a 1-year high of $258.43. The firm’s 50-day moving average is $246.98 and its 200 day moving average is $232.46.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.07. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. Equities analysts forecast that Roper Technologies will post $9.28 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.com-unik.info/2017/10/30/roper-technologies-inc-rop-given-buy-rating-at-oppenheimer-holdings-inc.html.

In other Roper Technologies news, Director Robert D. Johnson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the transaction, the director now owns 10,900 shares of the company’s stock, valued at $2,561,173. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $234.00, for a total value of $234,000.00. Following the transaction, the director now directly owns 65,104 shares of the company’s stock, valued at approximately $15,234,336. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,500 shares of company stock valued at $2,754,530. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new stake in shares of Roper Technologies during the first quarter worth about $362,000. HighTower Advisors LLC grew its holdings in shares of Roper Technologies by 4.7% during the first quarter. HighTower Advisors LLC now owns 27,843 shares of the industrial products company’s stock worth $5,699,000 after purchasing an additional 1,261 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Roper Technologies by 12.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,700 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 300 shares during the last quarter. Altavista Wealth Management Inc. grew its holdings in shares of Roper Technologies by 1.1% during the first quarter. Altavista Wealth Management Inc. now owns 19,163 shares of the industrial products company’s stock worth $3,957,000 after purchasing an additional 207 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Roper Technologies by 61.1% during the first quarter. Bank of Nova Scotia now owns 31,362 shares of the industrial products company’s stock worth $6,476,000 after purchasing an additional 11,893 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

About Roper Technologies

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