Robert W. Baird Issues Positive Forecast for Roper Technologies (NYSE:ROP) Stock Price

Roper Technologies (NYSE:ROP - Get Free Report) had its target price raised by equities research analysts at Robert W. Baird from $660.00 to $668.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price objective would suggest a potential upside of 18.01% from the stock's previous close.

Several other equities analysts have also commented on ROP. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price objective for the company. Truist Financial reiterated a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $620.91.

Roper Technologies Stock Up 1.5 %

Shares of Roper Technologies stock traded up $8.45 during trading on Tuesday, hitting $566.04. 556,040 shares of the stock traded hands, compared to its average volume of 550,406. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $60.86 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The stock's fifty day simple moving average is $567.24 and its 200 day simple moving average is $554.72. Roper Technologies has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the previous year, the company posted $4.41 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts predict that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company's stock, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. VSM Wealth Advisory LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $26,000. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth $27,000. Putney Financial Group LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies during the first quarter worth about $31,000. Finally, Wayfinding Financial LLC purchased a new position in Roper Technologies in the 1st quarter valued at approximately $31,000. 93.31% of the stock is owned by hedge funds and other 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.