Roper Technologies, Inc. (NYSE:ROP) Given Average Rating of “Moderate Buy” by Analysts

Roper Technologies, Inc. (NYSE:ROP) has received an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $622.30.

Several research firms have weighed in on ROP. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Barclays lowered their price objective 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. Finally, Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction 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 directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock valued at $2,947,475 over the last quarter. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new position in Roper Technologies in the 3rd quarter valued at approximately $28,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the fourth quarter worth $38,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth $39,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP opened at $577.04 on Thursday. The company’s 50-day moving average is $539.96 and its 200-day moving average is $546.84. 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 has a market capitalization of $61.88 billion, a PE ratio of 40.24, a PEG ratio of 2.74 and a beta of 1.05. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $584.43.

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.