Roper Technologies (NYSE:ROP) Sets New 1-Year High – What’s Next?

Roper Technologies, Inc. (NYSE:ROP) shares hit a new 52-week high on Friday . The stock traded as high as $584.44 and last traded at $578.23, with a volume of 54371 shares changing hands. The stock had previously closed at $583.42.

Wall Street Analyst Weigh In

ROP has been the topic of a number of analyst reports. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business’s fifty day moving average price is $537.35 and its two-hundred day moving average price is $545.28. The stock has a market capitalization of $61.62 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.76 and a beta of 1.05.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,101 shares of company stock valued at $2,947,475. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Argentarii LLC acquired a new position in Roper Technologies during the 4th quarter valued at about $399,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $38,000. Coalescence Partners Investment Management LP boosted its stake in Roper Technologies by 29.7% in the 4th quarter. Coalescence Partners Investment Management LP now owns 30,195 shares of the industrial products company’s stock worth $15,697,000 after purchasing an additional 6,922 shares in the last quarter. Larson Financial Group LLC grew its position in Roper Technologies by 12.7% during the 4th quarter. Larson Financial Group LLC now owns 904 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 102 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Roper Technologies by 8.7% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 254,957 shares of the industrial products company’s stock worth $142,783,000 after buying an additional 20,349 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

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.