Roper Technologies (NYSE:ROP) received a $393.00 price target from Royal Bank of Canada in a report released on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 7.58% from the stock’s current price.

A number of other brokerages also recently commented on ROP. Wells Fargo & Co restated a “hold” rating and set a $130.00 price objective on shares of Kimberly Clark in a research report on Tuesday, July 23rd. Barclays upped their price objective on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Argus upped their price objective on shares of Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Stephens restated a “hold” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, April 30th. Finally, Oppenheimer upped their price objective on shares of Valeritas from $1.25 to $12.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Roper Technologies presently has a consensus rating of “Buy” and a consensus price target of $370.09.

Roper Technologies stock traded down $0.89 during trading hours on Friday, reaching $365.31. 45,421 shares of the stock were exchanged, compared to its average volume of 430,803. The stock has a market capitalization of $38.03 billion, a PE ratio of 30.93, a P/E/G ratio of 2.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 1.11. Roper Technologies has a 52-week low of $245.59 and a 52-week high of $385.51. The company’s 50 day moving average price is $370.98.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 EPS for the quarter, topping the Zacks’ consensus estimate of $3.05 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. Roper Technologies’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. Equities research analysts anticipate that Roper Technologies will post 12.98 earnings per share for the current fiscal year.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $363.44, for a total transaction of $726,880.00. Following the completion of the transaction, the director now directly owns 12,918 shares in the company, valued at approximately $4,694,917.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laurence Neil Hunn sold 47,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $354.76, for a total transaction of $16,673,720.00. Following the sale, the insider now directly owns 218,866 shares in the company, valued at $77,644,902.16. The disclosure for this sale can be found here. Insiders sold a total of 49,750 shares of company stock valued at $17,659,170 in the last quarter. Insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bank acquired a new stake in shares of Roper Technologies in the fourth quarter worth approximately $26,000. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Roper Technologies during the first quarter valued at approximately $27,000. Shamrock Asset Management LLC purchased a new stake in shares of Roper Technologies during the first quarter valued at approximately $34,000. Advisory Alpha LLC purchased a new stake in shares of Roper Technologies during the first quarter valued at approximately $35,000. Finally, Lenox Wealth Management Inc. increased its stake in shares of Roper Technologies by 369.6% in the first quarter. Lenox Wealth Management Inc. now owns 108 shares of the industrial products company’s stock worth $37,000 after buying an additional 85 shares during the last quarter. 93.19% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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