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

Roper Technologies (NYSE:ROP) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage 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 price target would suggest a potential upside of 15.76% from the company’s previous close.

A number of other research firms also recently issued reports on ROP. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer reissued an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Royal Bank of Canada decreased their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Mizuho upped their target price on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $604.33.

Roper Technologies Stock Performance

Shares of ROP stock opened at $548.53 on Thursday. The stock has a fifty day moving average price of $553.71 and a 200 day moving average price of $545.43. The stock has a market cap of $58.71 billion, a PE ratio of 30.77, a P/E/G ratio of 2.84 and a beta of 1.02. Roper Technologies has a 1 year low of $474.46 and a 1 year high of $579.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.45 and a current ratio of 0.53.

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

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at $19,550,453.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was 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 owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Several large investors have recently made changes to their positions in ROP. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter valued at approximately $29,000. Versant Capital Management Inc raised its position in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds 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.