Canaccord Genuity Raises Roper Technologies (NYSE:ROP) Price Target to $310.00

Roper Technologies (NYSE:ROP) had its target price lifted by investment analysts at Canaccord Genuity from $260.00 to $310.00 in a report issued on Monday, February 5th. The firm currently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity’s price target would indicate a potential upside of 14.76% from the company’s previous close.

ROP has been the topic of several other research reports. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 target price on the stock in a research note on Monday, January 22nd. Oppenheimer increased their price objective on shares of Roper Technologies from $257.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Cowen reiterated a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research note on Thursday, October 12th. Citigroup restated an “outperform” rating and set a $335.00 target price (up previously from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Finally, Royal Bank of Canada raised their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Roper Technologies has an average rating of “Buy” and a consensus target price of $285.38.

Shares of Roper Technologies (NYSE ROP) opened at $270.13 on Monday. The firm has a market cap of $26,770.79, a PE ratio of 27.79, a PEG ratio of 1.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77. Roper Technologies has a 1 year low of $203.50 and a 1 year high of $290.42.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm posted $1.86 EPS. Roper Technologies’s revenue for the quarter was up 21.2% on a year-over-year basis. research analysts anticipate that Roper Technologies will post 11.09 earnings per share for the current fiscal year.

In other news, Director Robert D. Johnson sold 1,200 shares of Roper Technologies stock in a transaction on Friday, December 8th. The stock was sold at an average price of $260.03, for a total transaction of $312,036.00. Following the completion of the sale, the director now directly owns 9,700 shares in the company, valued at $2,522,291. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 of the company’s stock, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders have sold 439,526 shares of company stock valued at $120,362,826 over the last ninety days. 2.50% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Roper Technologies in the fourth quarter valued at about $117,000. Tower Research Capital LLC TRC grew its stake in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 152 shares during the last quarter. Stephens Inc. AR grew its stake in Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 350 shares during the last quarter. Zions Bancorporation grew its stake in Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 657 shares during the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $180,000. Hedge funds and other institutional investors own 93.00% of the company’s stock.

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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.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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