Mizuho Raises Roper Technologies (NYSE:ROP) Price Target to $565.00

Roper Technologies (NYSE:ROP) had its price target upped by Mizuho from $530.00 to $565.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Mizuho’s price objective suggests a potential upside of 0.74% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research note on Tuesday, August 27th. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $619.50.

Roper Technologies Price Performance

ROP opened at $560.86 on Thursday. The company’s 50-day moving average price is $548.48 and its 200 day moving average price is $545.12. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The firm has a market cap of $60.04 billion, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. As a group, sell-side analysts expect that Roper Technologies will post 18.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. This trade 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 currently owned by insiders.

Institutional Trading of Roper Technologies

A number of large investors have recently added to or reduced their stakes in ROP. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the period. ORG Partners LLC boosted its stake in Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after purchasing an additional 2,399 shares during the period. Douglas Lane & Associates LLC boosted its stake in Roper Technologies by 3.1% in the 1st quarter. Douglas Lane & Associates LLC now owns 73,007 shares of the industrial products company’s stock worth $40,945,000 after purchasing an additional 2,189 shares during the period. Finally, Duality Advisers LP boosted its stake in Roper Technologies by 355.4% in the 1st quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock worth $6,745,000 after purchasing an additional 9,385 shares during the period. 93.31% of the stock is currently owned by 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.