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.
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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.
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