Roper Technologies (NYSE:ROP) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Roper Technologies (NYSE:ROP) in a report issued on Monday. The brokerage set an “outperform” rating and a $630.00 price target on the industrial products company’s stock. Oppenheimer’s target price would suggest a potential upside of 19.91% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial restated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays reiterated an “underweight” rating and issued a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Finally, Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Roper Technologies Stock Performance

NYSE ROP opened at $525.40 on Monday. The stock has a market capitalization of $56.34 billion, a PE ratio of 38.43, a P/E/G ratio of 2.84 and a beta of 1.02. Roper Technologies has a 1 year low of $508.22 and a 1 year high of $580.09. The company’s 50 day simple moving average is $552.81 and its two-hundred day simple moving average is $551.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.32 EPS. Analysts predict that Roper Technologies will post 18.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AMG National Trust Bank lifted its stake in Roper Technologies by 5.1% in the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 19 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of Roper Technologies by 18.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,302 shares of the industrial products company’s stock valued at $734,000 after purchasing an additional 203 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Roper Technologies by 60.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,952 shares of the industrial products company’s stock valued at $4,482,000 after buying an additional 2,995 shares during the period. Checchi Capital Advisers LLC raised its stake in Roper Technologies by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 992 shares of the industrial products company’s stock worth $559,000 after buying an additional 28 shares in the last quarter. Finally, Kintegral Advisory LLC lifted its holdings in Roper Technologies by 3.3% in the second quarter. Kintegral Advisory LLC now owns 1,464 shares of the industrial products company’s stock worth $825,000 after buying an additional 47 shares during the period. 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.