Barclays Increases Roper Technologies (NYSE:ROP) Price Target to $596.00

Roper Technologies (NYSE:ROPGet Free Report) had its price target increased by investment analysts at Barclays from $580.00 to $596.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target indicates a potential upside of 9.30% from the company’s previous close.

Several other analysts have also weighed in on the stock. Truist Financial reiterated a “buy” rating and issued a $575.00 price objective on shares of Roper Technologies in a research note on Friday, October 20th. Raymond James lifted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. TheStreet upgraded shares of Roper Technologies from a “c+” rating to a “b-” rating in a research note on Friday, November 10th. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. Finally, Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $551.50.

Read Our Latest Stock Report on ROP

Roper Technologies Stock Down 0.1 %

Shares of NYSE ROP opened at $545.30 on Monday. The company has a market capitalization of $58.25 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.02. Roper Technologies has a 52-week low of $416.77 and a 52-week high of $562.69. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company’s 50 day moving average price is $540.60 and its 200-day moving average price is $512.61.

Roper Technologies (NYSE:ROPGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.92 EPS. Equities analysts forecast that Roper Technologies will post 18.01 earnings per share for the current year.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $538.25, for a total value of $134,562.50. Following the transaction, the director now directly owns 5,346 shares of the company’s stock, valued at approximately $2,877,484.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ROP. Cullen Frost Bankers Inc. lifted its holdings in Roper Technologies by 3.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,547 shares of the industrial products company’s stock valued at $1,934,000 after purchasing an additional 104 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Roper Technologies by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 602,308 shares of the industrial products company’s stock valued at $328,360,000 after purchasing an additional 16,685 shares during the last quarter. Welch & Forbes LLC lifted its holdings in shares of Roper Technologies by 0.6% in the fourth quarter. Welch & Forbes LLC now owns 195,657 shares of the industrial products company’s stock worth $106,666,000 after buying an additional 1,122 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Roper Technologies by 206.6% in the fourth quarter. Apollon Wealth Management LLC now owns 5,492 shares of the industrial products company’s stock worth $2,994,000 after buying an additional 3,701 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of Roper Technologies by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,227 shares of the industrial products company’s stock worth $4,485,000 after buying an additional 154 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

About Roper Technologies

(Get Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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