Roper Technologies (NYSE:ROP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Roper has an optimum mix of highly engineered and niche-oriented products, which helps it to gain market share. Moreover, Roper's unique asset light business model not only lowers its dependence on large-scale production equipment but also helps it to generate strong cash flow quickly. This coupled with improving balance sheet is helping it to pursue strategic acquisitions. Shares have outperformed the industry in the past one-year. However, Roper’s policy of acquiring a large number of companies adds to the integration risks.”
Other analysts also recently issued research reports about the company. Stifel Nicolaus restated a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a research report on Monday, February 5th. Wells Fargo set a $310.00 target price on Roper Technologies and gave the stock a “buy” rating in a research report on Thursday, January 18th. Cowen restated a “buy” rating and issued a $310.00 target price on shares of Roper Technologies in a research report on Tuesday, March 6th. Barclays started coverage on Roper Technologies in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 target price for the company. Finally, Canaccord Genuity boosted their target price on Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Roper Technologies presently has an average rating of “Buy” and a consensus target price of $298.58.
Shares of Roper Technologies (ROP) traded up $4.51 during midday trading on Tuesday, hitting $288.35. The stock had a trading volume of 220,258 shares, compared to its average volume of 462,763. Roper Technologies has a 52 week low of $203.50 and a 52 week high of $290.42. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $29,477.27, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06.
Roper Technologies (NYSE:ROP) last released its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.61 by $0.09. The company 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%. Roper Technologies’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. analysts anticipate that Roper Technologies will post 11.07 EPS for the current year.
In other news, CEO Brian D. Jellison sold 74,589 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,459,892 shares of the company’s stock, valued at $404,419,281.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Wright sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total value of $141,995.00. The disclosure for this sale can be found here. Insiders sold 440,326 shares of company stock valued at $120,612,905 in the last quarter. Corporate insiders own 2.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Roper Technologies by 1.3% in the fourth quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after purchasing an additional 88,571 shares during the period. Harding Loevner LP grew its stake in Roper Technologies by 293.8% in the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares during the period. Alliancebernstein L.P. grew its stake in Roper Technologies by 3.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock worth $297,519,000 after purchasing an additional 40,846 shares during the period. Geode Capital Management LLC grew its stake in Roper Technologies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 1,075,766 shares of the industrial products company’s stock worth $278,036,000 after purchasing an additional 48,550 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in Roper Technologies by 7.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,074,847 shares of the industrial products company’s stock worth $261,618,000 after purchasing an additional 72,673 shares during the period. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Roper Technologies (ROP) Cut to “Hold” at Zacks Investment Research” was originally published by Stock Observer and is the property of of Stock Observer. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thestockobserver.com/2018/03/20/roper-technologies-rop-cut-to-hold-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.