Roper Technologies (NYSE:ROP) Earns Buy Rating from Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus started coverage on shares of Roper Technologies (NYSE:ROP) in a research note issued on Thursday,Benzinga reports. The firm set a “buy” rating and a $685.00 price target on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 17.55% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Barclays lowered their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $629.18.

Roper Technologies Stock Up 0.6 %

ROP opened at $582.71 on Thursday. The stock has a market capitalization of $62.57 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.77 and a beta of 1.06. The firm has a 50 day moving average price of $568.17 and a 200-day moving average price of $553.23. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the transaction, the vice president now owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors have recently bought and sold shares of the stock. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at about $26,000. Putney Financial Group LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies during the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in Roper Technologies in the 4th quarter worth approximately $38,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter worth approximately $39,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

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.