Roper Technologies (NYSE:ROP) Reaches New 1-Year High – Still a Buy?

Roper Technologies, Inc. (NYSE:ROP)’s stock price hit a new 52-week high on Friday . The stock traded as high as $584.44 and last traded at $578.23, with a volume of 54371 shares traded. The stock had previously closed at $583.42.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays cut their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. 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 assigned a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Trading Down 1.5 %

The firm has a fifty day moving average price of $537.35 and a 200-day moving average price of $545.28. The company has a market capitalization of $61.62 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of Roper Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company’s stock, valued at $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,101 shares of company stock valued at $2,947,475 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ROP. Czech National Bank grew its holdings in Roper Technologies by 7.1% during the third quarter. Czech National Bank now owns 21,837 shares of the industrial products company’s stock worth $12,151,000 after buying an additional 1,439 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Roper Technologies by 19.6% in the third quarter. GAMMA Investing LLC now owns 671 shares of the industrial products company’s stock valued at $373,000 after purchasing an additional 110 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Roper Technologies by 15.7% in the 3rd quarter. Mather Group LLC. now owns 662 shares of the industrial products company’s stock worth $368,000 after buying an additional 90 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Roper Technologies by 2.0% during the 3rd quarter. Brookstone Capital Management now owns 1,133 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 22 shares during the period. Finally, CWM LLC raised its holdings in shares of Roper Technologies by 18.6% in the 3rd quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock worth $1,994,000 after purchasing an additional 563 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

About Roper Technologies

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.