Citigroup Begins Coverage on Roper Technologies (NYSE:ROP)

Key Points

• Citigroup has initiated coverage of Roper Technologies with a "buy" rating and a price target of $626.00, indicating a potential upside of 17.54% from its current price.
• Roper Technologies reported a quarterly earnings per share (EPS) of $4.87, exceeding expectations and showing a 13.2% increase in revenue year-over-year.
• Analyst ratings for Roper Technologies include one Strong Buy, eight Buy, two Hold, and one Sell, with an average price target of $636.36.

Equities researchers at Citigroup initiated coverage on shares of Roper Technologies (NYSE:ROP - Get Free Report) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a "buy" rating and a $626.00 price target on the industrial products company's stock. Citigroup's target price would indicate a potential upside of 16.61% from the company's current price.

A number of other research analysts have also recently weighed in on ROP. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial raised their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. Finally, Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $636.36.

Roper Technologies Price Performance

Shares of ROP stock traded up $9.90 during mid-day trading on Wednesday, reaching $536.84. The stock had a trading volume of 673,520 shares, compared to its average volume of 629,636. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market cap of $57.77 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The business has a 50-day simple moving average of $551.11 and a 200 day simple moving average of $563.35. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%.During the same period in the previous year, the company earned $4.48 earnings per share. The company's revenue for the quarter was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. On average, sell-side analysts anticipate that Roper Technologies will post 19.96 earnings per share for the current year.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ROP. Brighton Jones LLC purchased a new position in Roper Technologies in the 4th quarter worth approximately $203,000. TD Waterhouse Canada Inc. boosted its stake in shares of Roper Technologies by 2.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 7,064 shares of the industrial products company's stock valued at $3,671,000 after buying an additional 194 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Roper Technologies by 5.5% during the 4th quarter. Stifel Financial Corp now owns 54,800 shares of the industrial products company's stock valued at $28,494,000 after buying an additional 2,879 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Roper Technologies by 2.1% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,021 shares of the industrial products company's stock valued at $531,000 after buying an additional 21 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Roper Technologies by 2.4% during the 4th quarter. Hsbc Holdings PLC now owns 314,299 shares of the industrial products company's stock valued at $163,098,000 after buying an additional 7,515 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

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.