Roper Technologies (NYSE:ROP) received a $310.00 price objective from investment analysts at Wells Fargo & Co in a report released on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Wells Fargo & Co’s target price would suggest a potential upside of 12.45% from the stock’s previous close.

A number of other analysts also recently issued reports on ROP. JPMorgan Chase & Co. raised Roper Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. 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. Cowen reiterated a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research report on Thursday, October 12th. Oppenheimer reiterated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Royal Bank of Canada lifted their price target on Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $260.75.

Roper Technologies (ROP) traded down $0.73 during trading hours on Thursday, reaching $275.69. The company’s stock had a trading volume of 643,318 shares, compared to its average volume of 400,385. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. Roper Technologies has a twelve month low of $185.11 and a twelve month high of $277.41. The stock has a market capitalization of $28,220.00, a P/E ratio of 40.07, a P/E/G ratio of 2.22 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.65 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. analysts forecast that Roper Technologies will post 9.31 EPS for the current year.

In related news, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $258.64, for a total transaction of $64,660.00. Following the completion of the sale, the director now owns 64,450 shares of the company’s stock, valued at $16,669,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of Roper Technologies stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total value of $1,038,040.00. Following the sale, the director now directly owns 14,038 shares of the company’s stock, valued at approximately $3,643,001.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,759 shares of company stock valued at $53,547,538. 2.50% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after buying an additional 354,064 shares during the period. Harding Loevner LP boosted its stake in Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock valued at $358,642,000 after buying an additional 4,420,649 shares during the period. American Century Companies Inc. boosted its stake in Roper Technologies by 0.8% during the third quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock valued at $314,666,000 after buying an additional 10,548 shares during the period. Northern Trust Corp boosted its stake in Roper Technologies by 0.5% during the second quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock valued at $253,887,000 after buying an additional 5,279 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in Roper Technologies by 7.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,074,847 shares of the industrial products company’s stock valued at $261,618,000 after buying an additional 72,673 shares during the period. 93.55% of the stock is owned by institutional investors.

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Roper Technologies Company Profile

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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