Roper Technologies (NASDAQ:ROP) Coverage Initiated at Piper Sandler

Investment analysts at Piper Sandler initiated coverage on shares of Roper Technologies (NASDAQ:ROP) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set an “overweight” rating and a $600.00 price target on the industrial products company’s stock. Piper Sandler’s price target points to a potential upside of 35.21% from the stock’s previous close.

Several other research firms also recently commented on ROP. Robert W. Baird set a $592.00 price objective on Roper Technologies in a report on Friday, October 24th. Barclays cut their price target on shares of Roper Technologies from $550.00 to $506.00 and set an “underweight” rating for the company in a research note on Monday, October 27th. Mizuho cut their target price on shares of Roper Technologies from $600.00 to $510.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Finally, TD Cowen cut their price objective on shares of Roper Technologies from $650.00 to $625.00 and set a “buy” rating for the company in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $579.54.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $443.75 on Thursday. The firm has a market cap of $47.76 billion, a PE ratio of 30.58, a PEG ratio of 2.13 and a beta of 0.98. The company has a fifty day moving average price of $481.55 and a 200 day moving average price of $528.06. Roper Technologies has a 1-year low of $435.42 and a 1-year high of $595.17. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $0.03. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the company earned $4.62 earnings per share. Roper Technologies’s quarterly revenue was up 14.3% on a year-over-year basis. Roper Technologies has set its Q4 2025 guidance at 5.110-5.160 EPS. FY 2025 guidance at 19.900-19.950 EPS. Research analysts predict that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Insider Transactions at Roper Technologies

In other news, Director Amy Woods Brinkley purchased 1,200 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $450.71 per share, for a total transaction of $540,852.00. Following the transaction, the director owned 18,184 shares of the company’s stock, valued at approximately $8,195,710.64. This trade represents a 7.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Laurence Neil Hunn sold 30,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $443.57, for a total transaction of $13,307,100.00. Following the sale, the chief executive officer owned 87,311 shares of the company’s stock, valued at approximately $38,728,540.27. This trade represents a 25.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.78% of the stock is owned by company insiders.

Institutional Trading of Roper Technologies

A number of large investors have recently bought and sold shares of ROP. Brighton Jones LLC bought a new stake in Roper Technologies in the fourth quarter worth approximately $203,000. Mutual of America Capital Management LLC boosted its holdings in Roper Technologies by 65.0% in the first quarter. Mutual of America Capital Management LLC now owns 21,198 shares of the industrial products company’s stock worth $12,498,000 after acquiring an additional 8,354 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Roper Technologies by 10.7% during the first quarter. Venturi Wealth Management LLC now owns 2,277 shares of the industrial products company’s stock worth $1,342,000 after purchasing an additional 221 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Roper Technologies by 5.9% in the 1st quarter. Pinnacle Associates Ltd. now owns 1,382 shares of the industrial products company’s stock worth $815,000 after purchasing an additional 77 shares in the last quarter. Finally, Carnegie Investment Counsel bought a new stake in Roper Technologies during the 1st quarter valued at $480,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.