BidaskClub Downgrades Roper Technologies, Inc. (ROP) to Hold
Roper Technologies, Inc. (NYSE:ROP) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
A number of other equities research analysts also recently weighed in on ROP. Royal Bank Of Canada restated a “buy” rating and set a $245.00 price target on shares of Roper Technologies in a research report on Tuesday, April 11th. Cowen and Company reiterated an “outperform” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Roper Technologies in a report on Monday, April 17th. Barclays PLC decreased their price objective on Roper Technologies from $223.00 to $221.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a report on Monday, May 1st. Finally, Raymond James Financial, Inc. lifted their price objective on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $238.42.
Shares of Roper Technologies (NYSE:ROP) traded up 0.06% during midday trading on Tuesday, reaching $235.91. The company had a trading volume of 207,493 shares. Roper Technologies has a one year low of $167.50 and a one year high of $238.49. The company has a 50 day moving average of $233.38 and a 200 day moving average of $216.23. The company has a market capitalization of $24.07 billion, a PE ratio of 36.41 and a beta of 1.05.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.88% and a net margin of 16.44%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $1.56 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts predict that Roper Technologies will post $9.26 EPS for the current fiscal year.
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In related news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the sale, the director now directly owns 66,104 shares of the company’s stock, valued at $15,117,984.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Motco boosted its stake in Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock valued at $101,000 after buying an additional 387 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Roper Technologies during the first quarter valued at about $118,000. Northwestern Mutual Wealth Management Co. boosted its stake in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock valued at $129,000 after buying an additional 51 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock valued at $147,000 after buying an additional 29 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.
Roper Technologies Company Profile
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