Roper Technologies (NYSE:ROP) Price Target Lowered to $650.00 at Stifel Nicolaus

Roper Technologies (NYSE:ROP - Get Free Report) had its price target reduced by stock analysts at Stifel Nicolaus from $685.00 to $650.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' target price indicates a potential upside of 17.27% from the company's previous close.

Several other equities analysts also recently issued reports on the company. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday. Robert W. Baird boosted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Truist Financial reissued a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $617.82.

Roper Technologies Stock Down 0.6 %

NYSE ROP opened at $554.28 on Tuesday. The stock has a 50 day moving average price of $568.40 and a 200-day moving average price of $554.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $59.52 billion, a P/E ratio of 38.80, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies has a one year low of $499.47 and a one year high of $595.17.

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

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares of the company's stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Institutional Trading of Roper Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of ROP. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after purchasing an additional 29,184 shares during the period. Norges Bank purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $914,052,000. Finally, Invesco Ltd. lifted its holdings in shares of Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after purchasing an additional 31,531 shares during the last quarter. 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.

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