Roper Technologies (NYSE:ROP) Coverage Initiated by Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of Roper Technologies (NYSE:ROP) in a research note issued to investors 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 objective points to a potential upside of 17.55% from the company’s previous close.

Several other research analysts have also commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. 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. 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 research note on Friday, January 31st. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $629.18.

Roper Technologies Trading Up 0.6 %

ROP opened at $582.71 on Thursday. The stock has a 50-day moving average of $568.17 and a 200 day moving average of $553.23. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17. The firm has a market cap of $62.57 billion, a P/E ratio of 40.64, a P/E/G ratio of 2.77 and a beta of 1.06.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now owns 38,932 shares of the company’s stock, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC grew its position in shares of Roper Technologies by 10.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock worth $285,000 after buying an additional 50 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Roper Technologies in the third quarter worth $718,000. Private Trust Co. NA increased its position in shares of Roper Technologies by 8.3% during the third quarter. Private Trust Co. NA now owns 352 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 27 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Roper Technologies by 11.9% in the 3rd quarter. D.A. Davidson & CO. now owns 1,488 shares of the industrial products company’s stock worth $828,000 after purchasing an additional 158 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Roper Technologies during the 3rd quarter valued at about $1,784,000. Institutional investors own 93.31% of the company’s stock.

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.