Roper Technologies (NYSE:ROP) PT Raised to $530.00 at Mizuho

Roper Technologies (NYSE:ROP) had its price objective increased by investment analysts at Mizuho from $525.00 to $530.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Mizuho’s price objective indicates a potential upside of 3.62% from the company’s previous close.

ROP has been the topic of several other reports. Royal Bank of Canada upped their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Barclays boosted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer increased their price target on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company boosted their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $579.83.

Roper Technologies Price Performance

ROP stock opened at $511.46 on Monday. The company has a market capitalization of $54.74 billion, a P/E ratio of 37.12, a PEG ratio of 2.77 and a beta of 0.99. The company has a fifty day moving average price of $543.76 and a 200-day moving average price of $534.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies has a 52-week low of $441.06 and a 52-week high of $565.00.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.65 billion. During the same period last year, the company 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 EPS for the current year.

Insiders Place Their Bets

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. DAVENPORT & Co LLC lifted its stake in Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 68 shares in the last quarter. Brookstone Capital Management boosted its holdings in Roper Technologies by 87.3% during the third quarter. Brookstone Capital Management now owns 1,841 shares of the industrial products company’s stock worth $898,000 after purchasing an additional 858 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Roper Technologies by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company’s stock valued at $9,546,000 after buying an additional 553 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $217,000. Finally, Suncoast Equity Management boosted its stake in shares of Roper Technologies by 5.2% in the 3rd quarter. Suncoast Equity Management now owns 1,203 shares of the industrial products company’s stock worth $583,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds 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.