Robert W. Baird Upgrades Roper Technologies (NYSE:ROP) to “Outperform”

Roper Technologies (NYSE:ROP) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a $635.00 price objective on the industrial products company’s stock, up from their prior price objective of $617.00. Robert W. Baird’s target price suggests a potential upside of 15.76% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Barclays boosted their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $604.33.

Roper Technologies Stock Up 1.4 %

Roper Technologies stock opened at $548.53 on Thursday. The firm has a fifty day moving average price of $553.71 and a two-hundred day moving average price of $545.43. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.45. The firm has a market cap of $58.71 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.84 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.90 earnings per share. As a group, analysts forecast that Roper Technologies will post 18.17 earnings per share for the current year.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now owns 35,247 shares in the company, valued at $19,550,453.49. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Symphony Financial Ltd. Co. grew its position in shares of Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 19 shares during the period. Western Financial Corp CA grew its position in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after acquiring an additional 19 shares during the period. AMG National Trust Bank grew its position in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 19 shares during the period. Beaumont Financial Advisors LLC grew its position in shares of Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares during the period. Finally, Legacy Private Trust Co. grew its position in shares of Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.