Roper Technologies’ (ROP) “Outperform” Rating Reaffirmed at Citigroup

Roper Technologies (NYSE:ROP)‘s stock had its “outperform” rating reissued by research analysts at Citigroup in a report issued on Monday, The Fly reports. They currently have a $335.00 target price on the industrial products company’s stock, up from their prior target price of $275.00. Citigroup’s price objective would indicate a potential upside of 17.46% from the company’s previous close.

A number of other research firms also recently commented on ROP. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co set a $310.00 target price on Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Robert W. Baird increased their target price on Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Royal Bank of Canada increased their target price on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $272.08.

Roper Technologies (ROP) opened at $285.20 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $29,193.70, a P/E ratio of 30.41, a PEG ratio of 2.08 and a beta of 1.08. Roper Technologies has a 52-week low of $191.22 and a 52-week high of $290.42.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.09. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. sell-side analysts predict that Roper Technologies will post 11.1 earnings per share for the current fiscal year.

In related news, CEO Brian D. Jellison sold 74,589 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the sale, the chief executive officer now owns 1,459,892 shares in the company, valued at approximately $404,419,281.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the sale, the director now owns 9,700 shares in the company, valued at approximately $2,522,291. The disclosure for this sale can be found here. Insiders have sold a total of 439,526 shares of company stock worth $120,362,826 in the last 90 days. 2.50% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Scotia Capital Inc. increased its stake 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 purchasing an additional 30 shares during the period. Tower Research Capital LLC TRC increased 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 worth $136,000 after purchasing an additional 152 shares during the period. Pacer Advisors Inc. increased its stake in Roper Technologies by 10.3% in the third quarter. Pacer Advisors Inc. now owns 2,090 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 195 shares during the period. Nippon Life Insurance Co. increased its stake in Roper Technologies by 2.7% in the third quarter. Nippon Life Insurance Co. now owns 7,799 shares of the industrial products company’s stock worth $1,898,000 after purchasing an additional 208 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its stake in Roper Technologies by 5.6% in the second quarter. Cookson Peirce & Co. Inc. now owns 3,970 shares of the industrial products company’s stock worth $919,000 after purchasing an additional 210 shares during the period. Institutional investors own 93.36% 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.

The Fly

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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