Roper Technologies (NYSE:ROP) Given “Outperform” Rating at Oppenheimer

Roper Technologies (NYSE:ROP)‘s stock had its “outperform” rating reissued by stock analysts at Oppenheimer in a report released on Monday, Benzinga reports. They currently have a $650.00 price target on the industrial products company’s stock. Oppenheimer’s price target would suggest a potential upside of 27.09% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a research report on Thursday, January 4th. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday. Mizuho upped their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Raymond James lifted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given 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 $579.83.

Roper Technologies Stock Down 0.4 %

NYSE:ROP opened at $511.46 on Monday. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $543.76 and a two-hundred day moving average price of $534.01. Roper Technologies has a 1 year low of $441.06 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the business earned $3.90 EPS. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Roper Technologies will post 18.08 earnings per share for the current year.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the third quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Roper Technologies in the 3rd quarter valued at $27,000. Rise Advisors LLC acquired a new stake in shares of Roper Technologies during the 1st quarter worth $27,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies in the fourth quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies in the fourth quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

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.