Roper Technologies, Inc. (NYSE:ROP) Given Average Rating of “Moderate Buy” by Brokerages

Roper Technologies, Inc. (NYSE:ROP) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $623.60.

ROP has been the topic of a number of recent research reports. Oppenheimer boosted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research note on Friday, January 31st.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP opened at $576.58 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $61.83 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The firm’s 50-day moving average is $541.92 and its two-hundred day moving average is $548.28. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $584.43.

Insider Activity at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares of the company’s stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 over the last three months. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

Several large investors have recently modified their holdings of ROP. Blue Trust Inc. boosted its holdings in shares of Roper Technologies by 3.8% in the third quarter. Blue Trust Inc. now owns 730 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 27 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Roper Technologies by 21.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 354 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 62 shares during the period. Ledyard National Bank boosted its holdings in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Roper Technologies by 10.4% in the third quarter. Sequoia Financial Advisors LLC now owns 4,930 shares of the industrial products company’s stock valued at $2,743,000 after acquiring an additional 465 shares during the period. Finally, Eastern Bank acquired a new stake in shares of Roper Technologies in the third quarter valued at approximately $5,308,000. 93.31% of the stock is 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.