Roper Technologies (NYSE:ROP) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Roper Technologies (NYSE:ROP) had its price objective upped by research analysts at Robert W. Baird from $660.00 to $668.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 21.03% from the company’s previous close.

Other analysts also recently issued research reports about the company. Truist Financial restated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday. Stifel Nicolaus began coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target for the company. JPMorgan Chase & Co. lowered their target price on Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $621.00.

Roper Technologies Trading Down 1.0 %

Shares of ROP opened at $551.95 on Tuesday. Roper Technologies has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market capitalization of $59.27 billion, a P/E ratio of 38.49, a P/E/G ratio of 2.77 and a beta of 1.04. 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’s 50 day simple moving average is $568.40 and its 200 day simple moving average is $554.64.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period last year, the firm earned $4.41 earnings per share. Roper Technologies’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $578.05, for a total value of $1,734,150.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds have recently modified their holdings of the business. MorganRosel Wealth Management LLC purchased a new position in Roper Technologies during the first quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in Roper Technologies in the 1st quarter worth $34,000. Putney Financial Group LLC purchased a new stake in Roper Technologies in the 4th quarter worth $31,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the fourth quarter valued at about $36,000. 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.