Stifel Nicolaus Cuts Roper Technologies (NYSE:ROP) Price Target to $650.00

Roper Technologies (NYSE:ROP) had its price objective lowered by investment analysts at Stifel Nicolaus from $685.00 to $650.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.27% from the company’s current price.

A number of other equities analysts also recently weighed in on ROP. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday. Robert W. Baird raised their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Truist Financial reiterated a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $617.82.

Roper Technologies Stock Down 0.6 %

Roper Technologies stock opened at $554.28 on Tuesday. The firm has a market capitalization of $59.52 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. 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 stock’s fifty day moving average is $568.40 and its two-hundred day moving average is $554.64.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business earned $4.41 earnings per share. Roper Technologies’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts predict that Roper Technologies will post 19.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 in the last 90 days. Insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ROP. Manchester Capital Management LLC grew its holdings in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC grew its position in Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC raised its position in shares of Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company’s stock worth $1,221,000 after buying an additional 19 shares in the last quarter. My Legacy Advisors LLC boosted its holdings in shares of Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 19 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after buying an additional 20 shares in the last quarter. 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.