Barclays Lowers Roper Technologies (NYSE:ROP) Price Target to $562.00

Roper Technologies (NYSE:ROP) had its price target decreased by Barclays from $569.00 to $562.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential upside of 10.13% from the stock’s previous close.

ROP has been the topic of a number of other reports. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Truist Financial reiterated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Price Performance

Roper Technologies stock opened at $510.30 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a market cap of $54.72 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.84 and a beta of 1.04. Roper Technologies has a 1 year low of $504.30 and a 1 year high of $580.09. The firm has a 50 day moving average price of $543.77 and a 200 day moving average price of $548.03.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.32 earnings per share. Sell-side analysts predict that Roper Technologies will post 18.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by company insiders.

Institutional Trading of Roper Technologies

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