Roper Technologies (ROP) Hits New 12-Month High at $327.38

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Roper Technologies Inc (NYSE:ROP) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $327.38 and last traded at $326.40, with a volume of 175375 shares traded. The stock had previously closed at $323.74.

ROP has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Roper Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Wells Fargo & Co boosted their target price on shares of Roper Technologies from $342.00 to $345.00 and gave the stock an “outperform” rating in a research report on Monday, February 4th. ValuEngine upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Barclays dropped their price target on shares of Roper Technologies from $299.00 to $287.00 and set an “equal weight” rating for the company in a research note on Monday, December 17th. Finally, Stephens began coverage on shares of Roper Technologies in a research note on Monday, November 19th. They issued an “overweight” rating and a $333.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $321.25.

The company has a current ratio of 1.11, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $33.72 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, February 1st. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. Roper Technologies had a net margin of 18.19% and a return on equity of 16.57%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.70 earnings per share. Sell-side analysts forecast that Roper Technologies Inc will post 12.24 earnings per share for the current fiscal year.

In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $307.39, for a total transaction of $1,536,950.00. Following the completion of the sale, the vice president now owns 26,637 shares in the company, valued at $8,187,947.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Wilbur J. Prezzano sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $311.61, for a total transaction of $1,869,660.00. Following the sale, the director now owns 20,206 shares of the company’s stock, valued at approximately $6,296,391.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,750 shares of company stock valued at $7,541,533. Insiders own 2.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Roper Technologies by 0.7% during the third quarter. Vanguard Group Inc. now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after purchasing an additional 76,582 shares during the last quarter. Vanguard Group Inc increased its stake in Roper Technologies by 0.7% during the third quarter. Vanguard Group Inc now owns 11,266,186 shares of the industrial products company’s stock valued at $3,337,157,000 after purchasing an additional 76,582 shares during the last quarter. BlackRock Inc. increased its stake in Roper Technologies by 3.7% during the fourth quarter. BlackRock Inc. now owns 7,181,267 shares of the industrial products company’s stock valued at $1,913,952,000 after purchasing an additional 255,881 shares during the last quarter. Franklin Resources Inc. increased its stake in Roper Technologies by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,087,740 shares of the industrial products company’s stock valued at $1,507,033,000 after purchasing an additional 73,754 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Roper Technologies by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,761,462 shares of the industrial products company’s stock valued at $469,464,000 after purchasing an additional 113,539 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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About Roper Technologies (NYSE:ROP)

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.

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