Roper Technologies, Inc. (ROP) Price Target Increased to $282.00 by Analysts at Royal Bank Of Canada

Roper Technologies, Inc. (NYSE:ROP) had its target price boosted by investment analysts at Royal Bank Of Canada from $259.00 to $282.00 in a report issued on Tuesday, October 31st, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 10.01% from the stock’s current price.

Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research report on Friday, July 7th. Cowen and Company reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $253.67.

Roper Technologies (ROP) traded down $0.16 on Tuesday, reaching $256.34. 345,253 shares of the company were exchanged, compared to its average volume of 362,117. The firm has a market cap of $26,239.53, a P/E ratio of 29.91, a PEG ratio of 2.23 and a beta of 1.06. Roper Technologies has a 12-month low of $179.96 and a 12-month high of $261.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.

Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. analysts expect that Roper Technologies will post 9.31 EPS for the current year.

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In other Roper Technologies news, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the sale, the director now directly owns 64,604 shares in the company, valued at $15,313,732.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura G. Thatcher sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $235.47, for a total value of $235,470.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at $2,590,170. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock worth $2,681,690 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Harding Loevner LP increased its holdings in shares of Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock valued at $358,642,000 after purchasing an additional 4,420,649 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Roper Technologies by 309.5% during the second quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock valued at $210,649,000 after purchasing an additional 687,588 shares during the period. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after purchasing an additional 354,064 shares during the period. Congress Asset Management Co. MA acquired a new position in shares of Roper Technologies during the second quarter valued at $43,067,000. Finally, Ardevora Asset Management LLP acquired a new position in shares of Roper Technologies during the second quarter valued at $36,767,000. Institutional investors own 94.42% of the company’s stock.

Roper Technologies Company Profile

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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