Roper Technologies, Inc. (NYSE:ROP) Receives $622.30 Consensus Price Target from Analysts

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $622.30.

ROP has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Barclays dropped their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. Truist Financial restated a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the company's 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 transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,221,292.10. This represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,101 shares of company stock worth $2,947,475 over the last three months. Company insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Roper Technologies

Several large investors have recently bought and sold shares of ROP. PNC Financial Services Group Inc. raised its stake in Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock valued at $19,282,000 after purchasing an additional 1,789 shares during the last quarter. Citigroup Inc. lifted its position in shares of Roper Technologies by 17.6% during the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after purchasing an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Synovus Financial Corp lifted its position in Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after acquiring an additional 961 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Roper Technologies by 52.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock valued at $2,747,000 after purchasing an additional 1,699 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 1.3 %

ROP stock traded down $7.37 during mid-day trading on Thursday, reaching $574.05. 634,299 shares of the stock traded hands, compared to its average volume of 612,384. The business has a 50-day moving average price of $541.23 and a two-hundred day moving average price of $547.47. The stock has a market capitalization of $61.56 billion, a PE ratio of 40.03, a PEG ratio of 2.77 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. Roper Technologies has a one year low of $499.47 and a one year high of $584.43.

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.