Oppenheimer Initiates Coverage on Roper Technologies (NYSE:ROP)

Investment analysts at Oppenheimer initiated coverage on shares of Roper Technologies (NYSE:ROP) in a report released on Monday. The brokerage set an “outperform” rating and a $630.00 price target on the industrial products company’s stock. Oppenheimer’s price target indicates a potential upside of 19.29% from the company’s current price.

Several other equities analysts have also recently weighed in on ROP. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Mizuho upped their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays reiterated an “underweight” rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $615.20.

Roper Technologies Trading Up 0.6 %

Shares of ROP stock opened at $528.14 on Monday. The stock has a market capitalization of $56.63 billion, a P/E ratio of 38.63, a P/E/G ratio of 2.84 and a beta of 1.02. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $552.23 and its 200 day moving average is $551.42. Roper Technologies has a 12-month low of $508.22 and a 12-month high of $580.09.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $4.32 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts expect that Roper Technologies will post 18.26 earnings per share for the current year.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fairscale Capital LLC purchased a new position in shares of Roper Technologies during the second quarter valued at about $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. Valley Wealth Managers Inc. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $31,000. Global Wealth Strategies & Associates bought a new position in shares of Roper Technologies during the 3rd quarter valued at approximately $37,000. Finally, Kimelman & Baird LLC bought a new position in shares of Roper Technologies during the 2nd quarter valued at approximately $42,000. 93.31% of the stock is currently owned by institutional investors.

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.