Roper Technologies (NYSE:ROP) Price Target Lowered to $666.00 at Royal Bank of Canada

Roper Technologies (NYSE:ROP - Get Free Report) had its target price cut by equities researchers at Royal Bank of Canada from $675.00 to $666.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank of Canada's target price points to a potential upside of 22.86% from the company's previous close.

ROP has been the subject of several other reports. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. 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 research note on Thursday, October 17th. Jefferies Financial Group raised their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $620.80.

Roper Technologies Trading Down 0.2 %

Roper Technologies stock traded down $0.84 during mid-day trading on Thursday, hitting $542.10. The stock had a trading volume of 369,927 shares, compared to its average volume of 496,628. The stock has a market capitalization of $58.11 billion, a PE ratio of 40.16, a P/E/G ratio of 2.89 and a beta of 1.02. Roper Technologies has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $551.48 and a two-hundred day simple moving average of $545.46.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the firm posted $4.32 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Roper Technologies will post 18.16 EPS for the current year.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Institutional Trading of Roper Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company's stock valued at $5,648,796,000 after purchasing an additional 125,387 shares in the last quarter. American Century Companies Inc. raised its stake in Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after buying an additional 118,971 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock valued at $1,512,813,000 after purchasing an additional 102,199 shares during the period. Bank of Montreal Can boosted its stake in Roper Technologies by 31.0% during the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock worth $192,176,000 after acquiring an additional 80,255 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Roper Technologies by 95.1% during the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock worth $91,219,000 after purchasing an additional 78,870 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

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.