Barclays Reaffirms “Underweight” Rating for Roper Technologies (NYSE:ROP)

Roper Technologies (NYSE:ROP)‘s stock had its “underweight” rating restated by equities researchers at Barclays in a research note issued on Thursday, Marketbeat.com reports. They currently have a $569.00 target price on the industrial products company’s stock, down from their prior target price of $625.00. Barclays‘s price objective suggests a potential upside of 3.23% from the company’s previous close.

ROP has been the topic of a number of other reports. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.20.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $551.20 on Thursday. The stock has a 50 day moving average of $554.36 and a 200 day moving average of $551.40. Roper Technologies has a 12 month low of $508.22 and a 12 month high of $580.09. The firm has a market cap of $59.11 billion, a PE ratio of 40.32, a PEG ratio of 2.96 and a beta of 1.02. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $4.32 EPS. On average, research analysts expect that Roper Technologies will post 18.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors and hedge funds have recently modified their holdings of ROP. CWM LLC increased its stake in Roper Technologies by 6.1% during the 2nd quarter. CWM LLC now owns 3,021 shares of the industrial products company’s stock worth $1,703,000 after buying an additional 173 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in Roper Technologies by 5.6% in the second quarter. Simplicity Wealth LLC now owns 2,263 shares of the industrial products company’s stock valued at $1,276,000 after acquiring an additional 120 shares during the last quarter. CX Institutional raised its stake in shares of Roper Technologies by 6.7% in the second quarter. CX Institutional now owns 2,110 shares of the industrial products company’s stock valued at $1,190,000 after acquiring an additional 132 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Roper Technologies by 13.4% in the second quarter. OLD National Bancorp IN now owns 440 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 52 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in Roper Technologies by 16.1% in the second quarter. Capital Investment Advisors LLC now owns 2,501 shares of the industrial products company’s stock valued at $1,410,000 after buying an additional 347 shares during the last quarter. Institutional investors and hedge funds 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.