Oppenheimer Begins Coverage on Roper Technologies (NYSE:ROP)

Research analysts at Oppenheimer began coverage on shares of Roper Technologies (NYSE:ROP) in a report issued 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 would suggest a potential upside of 19.29% from the company’s previous close.

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

Roper Technologies Trading Up 0.6 %

Shares of ROP stock opened at $528.14 on Monday. The company has a market cap of $56.63 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 2.84 and a beta of 1.02. Roper Technologies has a 1 year low of $508.22 and a 1 year high of $580.09. The stock’s 50 day simple moving average is $552.23 and its two-hundred day simple moving average is $551.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

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

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Several large investors have recently modified their holdings of ROP. Fairscale Capital LLC purchased a new position in Roper Technologies during the second quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the third quarter worth $28,000. Valley Wealth Managers Inc. bought a new stake in Roper Technologies during the 2nd quarter valued at $31,000. Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies in the 3rd quarter valued at $37,000. Finally, Kimelman & Baird LLC bought a new position in shares of Roper Technologies in the 2nd quarter worth $42,000. Institutional investors own 93.31% of the company’s stock.

About Roper Technologies

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.