Roper Technologies Inc (ROP) Given Consensus Rating of “Buy” by Brokerages

Shares of Roper Technologies Inc (NYSE:ROP) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $321.25.

Several research analysts recently commented on ROP shares. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Barclays reduced their price objective on shares of Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating for the company in a research note on Monday, December 17th. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating and set a $334.00 price objective for the company in a research note on Monday, February 4th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $285.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, February 4th. Finally, Wells Fargo & Co boosted their price objective on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th.

Shares of NYSE:ROP traded down $0.88 during trading hours on Friday, hitting $325.46. The company’s stock had a trading volume of 305,038 shares, compared to its average volume of 406,569. Roper Technologies has a 52 week low of $245.59 and a 52 week high of $327.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 1.11. The firm has a market cap of $33.81 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.14 and a beta of 1.21.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.13 by $0.09. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $2.70 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts predict that Roper Technologies will post 12.24 EPS for the current fiscal year.

In related news, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $307.39, for a total transaction of $1,536,950.00. Following the completion of the transaction, the vice president now owns 26,637 shares in the company, valued at approximately $8,187,947.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $295.62, for a total transaction of $2,660,580.00. Following the sale, the vice president now directly owns 39,521 shares in the company, valued at approximately $11,683,198.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,750 shares of company stock valued at $7,541,533. 2.30% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Cutler Group LP purchased a new stake in Roper Technologies during the 4th quarter worth approximately $26,000. Berman Capital Advisors LLC purchased a new stake in Roper Technologies during the 4th quarter worth approximately $26,000. Proficio Capital Partners LLC grew its position in Roper Technologies by 115.8% during the 4th quarter. Proficio Capital Partners LLC now owns 123 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. We Are One Seven LLC purchased a new stake in Roper Technologies during the 4th quarter worth approximately $35,000. Finally, Claybrook Capital LLC purchased a new stake in Roper Technologies during the 4th quarter worth approximately $35,000. 91.86% of the stock is currently owned by institutional investors.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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