Roper Technologies, Inc. (NYSE:ROP) had its price target upped by equities researchers at Oppenheimer Holdings, Inc. from $257.00 to $275.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 6.52% from the company’s current price. Oppenheimer Holdings also issued estimates for Roper Technologies’ Q4 2017 earnings at $2.60 EPS, FY2017 earnings at $9.31 EPS, Q1 2018 earnings at $2.23 EPS, Q2 2018 earnings at $2.41 EPS, Q3 2018 earnings at $2.51 EPS and Q4 2018 earnings at $2.75 EPS.

Other research analysts have also issued research reports about the company. Raymond James Financial, Inc. increased their target price on Roper Technologies from $253.00 to $268.00 in a research report on Wednesday, July 5th. Cowen and Company reissued a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a research report on Thursday, October 12th. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research report on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $249.15.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The business’s revenue was up 23.7% compared to the same quarter last year.

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In related news, Director Wilbur J. Prezzano sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now owns 22,000 shares in the company, valued at approximately $5,187,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Wright sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the sale, the director now owns 64,604 shares in the company, valued at approximately $15,313,732.16. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $3,792,570 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of ROP. Oppenheimer Asset Management Inc. purchased a new stake in shares of Roper Technologies in the 1st quarter worth approximately $362,000. Bank of Nova Scotia boosted its stake in Roper Technologies by 61.1% during the 1st quarter. Bank of Nova Scotia now owns 31,362 shares of the industrial products company’s stock valued at $6,476,000 after purchasing an additional 11,893 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Roper Technologies by 4.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 12,344 shares of the industrial products company’s stock valued at $2,549,000 after purchasing an additional 474 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in Roper Technologies by 164.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 313 shares during the last quarter. Finally, Trust Co boosted its stake in Roper Technologies by 14.3% during the 1st quarter. Trust Co now owns 1,282 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Roper Technologies Company Profile

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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