Roper Technologies (NYSE:ROP) PT Lowered to $680.00 at Royal Bank of Canada

Roper Technologies (NYSE:ROP - Get Free Report) had its price objective dropped by equities research analysts at Royal Bank of Canada from $696.00 to $680.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank of Canada's target price indicates a potential upside of 32.40% from the company's current price.

Other analysts have also issued reports about the company. Wells Fargo & Company increased their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd. Barclays lifted their price target on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Mizuho increased their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a "neutral" rating in a report on Monday. Oppenheimer lifted their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Finally, TD Cowen downgraded shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price for the company. in a research report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $579.83.

Roper Technologies Stock Down 2.5 %

NYSE ROP traded down $13.20 during trading on Monday, reaching $513.58. 698,074 shares of the company's stock were exchanged, compared to its average volume of 507,713. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The company's fifty day simple moving average is $544.42 and its 200-day simple moving average is $533.92. The firm has a market capitalization of $54.96 billion, a PE ratio of 37.27, a P/E/G ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $3.90 earnings per share. Sell-side analysts predict that Roper Technologies will post 18.08 EPS for the current year.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.94% of the company's stock.

Institutional Trading of Roper Technologies

Institutional investors have recently modified their holdings of the company. DAVENPORT & Co LLC boosted its stake in Roper Technologies by 12.0% during the third quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company's stock worth $309,000 after buying an additional 68 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Roper Technologies by 87.3% in the 3rd quarter. Brookstone Capital Management now owns 1,841 shares of the industrial products company's stock valued at $898,000 after buying an additional 858 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Roper Technologies by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company's stock worth $9,546,000 after acquiring an additional 553 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at about $217,000. Finally, Suncoast Equity Management increased its stake in Roper Technologies by 5.2% in the third quarter. Suncoast Equity Management now owns 1,203 shares of the industrial products company's stock valued at $583,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds 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.