Roper Technologies (NYSE:ROP) Price Target Increased to $530.00 by Analysts at Mizuho

Roper Technologies (NYSE:ROP) had its price target increased by Mizuho from $525.00 to $530.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Mizuho’s price objective indicates a potential upside of 3.62% from the company’s previous close.

A number of other research firms also recently issued reports on ROP. Oppenheimer upped their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Raymond James boosted their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada raised their price objective on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a research report on Thursday, January 4th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $579.83.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $511.46 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm has a market cap of $54.74 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 2.77 and a beta of 0.99. The firm has a fifty day moving average price of $543.76 and a 200 day moving average price of $534.01. Roper Technologies has a fifty-two week low of $441.06 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.90 earnings per share. As a group, sell-side analysts expect that Roper Technologies will post 18.08 earnings per share for the current fiscal year.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in Roper Technologies by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 5,139 shares of the industrial products company’s stock worth $2,882,000 after purchasing an additional 48 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Roper Technologies by 16.1% during the first quarter. J.W. Cole Advisors Inc. now owns 462 shares of the industrial products company’s stock worth $260,000 after buying an additional 64 shares in the last quarter. Hartline Investment Corp purchased a new stake in shares of Roper Technologies during the 1st quarter worth about $225,000. Norden Group LLC acquired a new stake in Roper Technologies in the first quarter valued at approximately $1,662,000. Finally, Van ECK Associates Corp increased its position in shares of Roper Technologies by 9.1% in the first quarter. Van ECK Associates Corp now owns 363,344 shares of the industrial products company’s stock valued at $203,778,000 after buying an additional 30,216 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Company Profile

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.