Roper Technologies (NYSE:ROP) has been given a $310.00 price target by stock analysts at Wells Fargo & Co in a report issued on Thursday, January 18th. The firm currently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Co’s price target points to a potential upside of 14.76% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised Roper Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $223.00 to $275.00 in a report on Wednesday, September 20th. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Royal Bank of Canada increased their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Cowen reissued a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Roper Technologies presently has an average rating of “Buy” and a consensus price target of $285.38.
Shares of Roper Technologies (NYSE:ROP) traded up $8.59 during mid-day trading on Thursday, hitting $270.12. The company had a trading volume of 571,766 shares, compared to its average volume of 492,395. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. Roper Technologies has a twelve month low of $203.50 and a twelve month high of $290.42. The company has a market cap of $26,770.79, a P/E ratio of 28.80, a P/E/G ratio of 1.91 and a beta of 1.08.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.09. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $1.86 EPS. Roper Technologies’s revenue for the quarter was up 21.2% on a year-over-year basis. analysts anticipate that Roper Technologies will post 11.09 EPS for the current year.
In related news, CEO Brian D. Jellison sold 215,411 shares of Roper Technologies stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the sale, the chief executive officer now directly owns 1,564,778 shares in the company, valued at $433,787,757.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the sale, the chief executive officer now owns 1,448,575 shares in the company, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders sold 439,526 shares of company stock worth $120,362,826 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Scotia Capital Inc. increased its position in Roper Technologies by 1.8% in the second quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock worth $404,000 after buying an additional 30 shares during the last quarter. Fiera Capital Corp grew its position in shares of Roper Technologies by 3.5% in the second quarter. Fiera Capital Corp now owns 1,340 shares of the industrial products company’s stock valued at $310,000 after purchasing an additional 45 shares in the last quarter. San Francisco Sentry Investment Group CA grew its position in shares of Roper Technologies by 1.5% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,617 shares of the industrial products company’s stock valued at $838,000 after purchasing an additional 54 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in shares of Roper Technologies by 4.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,682 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 67 shares in the last quarter. Finally, Veritable L.P. grew its position in shares of Roper Technologies by 2.6% in the second quarter. Veritable L.P. now owns 2,673 shares of the industrial products company’s stock valued at $619,000 after purchasing an additional 69 shares in the last quarter. 93.00% of the stock is owned by institutional investors and hedge funds.
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Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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