Roper Technologies Inc (NYSE:ROP) has been assigned an average recommendation of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $295.70.
A number of brokerages have recently commented on ROP. Citigroup restated an “outperform” rating and issued a $335.00 target price (up previously from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. Finally, Barclays began coverage on Roper Technologies in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 target price on the stock.
Shares of Roper Technologies (NYSE:ROP) opened at $285.33 on Tuesday. Roper Technologies has a one year low of $203.50 and a one year high of $290.42. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $28,908.64, a PE ratio of 30.42, a PEG ratio of 2.06 and a beta of 1.08.
In other Roper Technologies news, Director Christopher Wright sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $280.08, for a total transaction of $420,120.00. Following the transaction, the director now owns 62,050 shares in the company, valued at $17,378,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $260.03, for a total value of $312,036.00. Following the transaction, the director now owns 9,700 shares in the company, valued at approximately $2,522,291. The disclosure for this sale can be found here. Insiders have sold 441,026 shares of company stock worth $120,782,946 in the last quarter. 2.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of ROP. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Roper Technologies during the fourth quarter worth approximately $117,000. Icon Wealth Partners LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at approximately $155,000. Stephens Inc. AR lifted its position in shares of Roper Technologies by 113.6% in the third quarter. Stephens Inc. AR now owns 658 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 350 shares in the last quarter. Zions Bancorporation lifted its position in shares of Roper Technologies by 3,457.9% in the third quarter. Zions Bancorporation now owns 676 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 657 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at approximately $180,000. Institutional investors own 93.15% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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