Roper Technologies (ROP) Rating Reiterated by Robert W. Baird

Roper Technologies (NYSE:ROP)‘s stock had its “hold” rating reissued by Robert W. Baird in a research report issued on Monday. They presently have a $293.00 price target on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential upside of 3.85% from the stock’s previous close.

ROP has been the topic of several other research reports. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Wells Fargo set a $310.00 target price on Roper Technologies and gave the company a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Canaccord Genuity lifted their target price on Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Roper Technologies has an average rating of “Buy” and an average price target of $300.83.

Shares of ROP opened at $282.14 on Monday. The stock has a market capitalization of $29,011.33, a P/E ratio of 29.95, a P/E/G ratio of 2.07 and a beta of 1.04. Roper Technologies has a 1-year low of $208.54 and a 1-year high of $292.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.87.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 20th. The industrial products company reported $2.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.12. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. equities analysts forecast that Roper Technologies will post 11.22 EPS for the current year.

In related news, CEO Brian D. Jellison sold 215,411 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total value of $59,716,237.42. Following the completion of the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at approximately $433,787,757.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian D. Jellison sold 29,606 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $277.03, for a total value of $8,201,750.18. Following the completion of the sale, the chief executive officer now directly owns 1,564,778 shares of the company’s stock, valued at approximately $433,490,449.34. The disclosure for this sale can be found here. In the last three months, insiders sold 247,017 shares of company stock valued at $68,480,103. 2.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Roper Technologies by 1.3% in the 4th quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after purchasing an additional 88,571 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Roper Technologies by 3.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,148,723 shares of the industrial products company’s stock worth $297,519,000 after purchasing an additional 40,846 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Roper Technologies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 1,075,766 shares of the industrial products company’s stock worth $278,036,000 after purchasing an additional 48,550 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Roper Technologies by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 794,019 shares of the industrial products company’s stock worth $205,653,000 after purchasing an additional 12,034 shares during the last quarter. Finally, Inverness Counsel LLC NY lifted its holdings in Roper Technologies by 1.4% in the 4th quarter. Inverness Counsel LLC NY now owns 718,593 shares of the industrial products company’s stock worth $186,116,000 after purchasing an additional 9,737 shares during the last quarter. 94.34% of the stock is owned by institutional investors and hedge funds.

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Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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