Roper Technologies, Inc. (NYSE:ROP) Receives $622.30 Average PT from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $623.60.

ROP has been the topic of several recent research reports. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Oppenheimer lifted their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reissued a “buy” rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a research report on Friday, January 31st.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Friday, January 31st. The shares were 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 of the company’s stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Roper Technologies

Institutional investors have recently added to or reduced their stakes in the business. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. Putney Financial Group LLC bought a new stake in Roper Technologies during the fourth quarter worth approximately $31,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter valued at approximately $36,000. Finally, Parvin Asset Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $39,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP opened at $575.15 on Thursday. The firm’s 50 day moving average is $543.90 and its 200-day moving average is $548.89. The stock has a market capitalization of $61.67 billion, a P/E ratio of 40.11, a P/E/G ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $593.91.

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.