Roper Technologies (NYSE:ROP) PT Raised to $298.00

Roper Technologies (NYSE:ROP) had its price objective increased by analysts at JPMorgan Chase & Co. from $291.00 to $298.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 12.99% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Oppenheimer raised their price target on shares of Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Barclays raised their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. Raymond James raised their price target on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $376.80.

ROP stock opened at $342.48 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. Roper Technologies has a 52 week low of $245.59 and a 52 week high of $385.51. The firm’s fifty day moving average is $355.58 and its 200 day moving average is $357.54. The firm has a market cap of $35.19 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.08 and a beta of 1.14.

Roper Technologies (NYSE:ROP) last released its earnings results on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.05 by $0.02. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $2.89 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Roper Technologies will post 13.01 EPS for the current year.

In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the completion of the sale, the director now directly owns 9,080 shares of the company’s stock, valued at approximately $3,296,403.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $360.54, for a total transaction of $540,810.00. Following the completion of the sale, the director now directly owns 15,380 shares of the company’s stock, valued at $5,545,105.20. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of ROP. Buckingham Capital Management Inc. purchased a new stake in shares of Roper Technologies in the 1st quarter worth about $236,000. First Trust Advisors LP lifted its position in Roper Technologies by 20.0% during the 1st quarter. First Trust Advisors LP now owns 100,115 shares of the industrial products company’s stock valued at $34,236,000 after acquiring an additional 16,672 shares during the period. Private Advisor Group LLC lifted its position in Roper Technologies by 29.7% during the 1st quarter. Private Advisor Group LLC now owns 4,298 shares of the industrial products company’s stock valued at $1,469,000 after acquiring an additional 985 shares during the period. FIL Ltd lifted its position in Roper Technologies by 87.2% during the 1st quarter. FIL Ltd now owns 16,996 shares of the industrial products company’s stock valued at $5,813,000 after acquiring an additional 7,919 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in Roper Technologies by 8.4% during the 1st quarter. Wealthfront Advisers LLC now owns 2,403 shares of the industrial products company’s stock valued at $822,000 after acquiring an additional 187 shares during the period. 92.26% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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