Roper Technologies, Inc. (NYSE:ROP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Roper Technologies, Inc. (NYSE:ROP) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $623.60.

Several equities research analysts recently weighed in on ROP shares. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays decreased their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Raymond James reiterated a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer increased their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the sale, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock worth $2,947,475 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Roper Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Roper Technologies in the 4th quarter worth about $914,052,000. T. Rowe Price Investment Management Inc. boosted its stake in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after buying an additional 1,529,716 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock worth $531,633,000 after buying an additional 360,632 shares during the last quarter. Wellington Management Group LLP boosted its stake in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Roper Technologies in the 4th quarter worth about $148,070,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $576.58 on Thursday. 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 stock has a fifty day moving average price of $541.92 and a 200 day moving average price of $548.28. Roper Technologies has a 1-year low of $499.47 and a 1-year high of $584.43. The company has a market cap of $61.83 billion, a PE ratio of 40.21, a P/E/G ratio of 2.77 and a beta of 1.05.

About Roper Technologies

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.