4. QUALITY EDUCATION

Royal Bank of Canada rates Roper Technologies (NYSE:ROP) as … – Best Stocks

Written by Amanda

According to Benzinga, research analysts at the Royal Bank of Canada confirmed the “outperform” recommendation they had previously assigned to Roper Technologies (NYSE: ROP) stock in a report published on Wednesday.

They anticipate that the shares of the industrial products firm will reach $528.00 within the next thirty days. Compared to the stock’s most recent closing price, Royal Bank of Canada’s price objective indicates an opportunity for an increase of 22.67%.

There have been articles written about the stock by other equity experts as well.

Barclays increased their price target on Roper Technologies from $510.00 to $518.00 and gave the company an “overweight” rating in a research report published on Monday, January 30th.

In a research report released on Monday, Truist Financial began providing coverage for Roper Technologies shares.

They recommended purchasing the stock and setting a price target of $510.00.

In a research report released on Wednesday, JPMorgan Chase & Co changed their rating on the shares of Roper Technologies from “underweight” to “neutral” and increased their price target from $385.00 to $420.00. StockNews.com began providing coverage on Roper Technologies shares by publishing an in-depth research report on Thursday, March 16th.

They recommended that investors “hold on” to the shares. Ultimately, Goldman Sachs Group increased their price objective on Roper Technologies from $423.00 to $468.00.

It accorded the company a “neutral” rating in a research report released on Thursday, December 15th. Five equity research analysts recommend that shareholders maintain their current holdings, while the remaining six propose purchasing more shares.

According to Bloomberg.com, the current consensus rating for Roper Technologies is “Moderate Buy,” The website also reports that the consensus price objective for the company is $493.64.
The share price of Roper Technologies was $430.44 when the market opened on Wednesday.

The values include a debt-to-equity ratio of 0.37, a current ratio of 0.67, and a quick ratio of 0.63.

The simple moving average over the last 50 days for Roper Technologies is $431.47, and the simple moving average over the past 200 days is $416.81.

The 12-month low for the company is $356.21, and the 12-month high is $488.23.

The business has a market capitalization of $45.73 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 2.52, and a beta value of 1.03.

On Friday, January 27th, Roper Technologies (NYSE: ROP) disclosed its earnings to the public.

In the third quarter, the industrial goods company reported $3.92 per share earnings, $0.15 higher than the consensus estimate of $3.77 per share.

The net margin for Roper Technologies was 80.89%, and the company’s return on equity was 11.43%.

The revenue for the company was $1.43 billion for the quarter, which was greater than the $1.43 billion that analysts projected the company would earn.

During the same period the prior year, the company generated $3.73 per share earnings.

The company reported a 13.8% rise in revenue compared to the previous year.

According to the forecasts of market research firms, Roper Technologies will generate earnings of 16.07 cents per share during the current financial year.

In other recent developments about Roper Technologies, director Richard F. Wallman purchased 1,000 shares of the company’s stock on February 14th.

The total price of the shares was $424,950.00, which works out to $424.95 per share.

As a direct result of the transaction, the director now owns 1,000 shares with a combined value of $424,950. You may learn more about the transaction by reading the report submitted to the Securities and Exchange Commission (SEC), which you can do by following the link below.

In other business-related news, on Tuesday, January 10th, Chief Executive Officer Laurence Neil Hunn sold 5,000 shares of the company’s stock.

At an average price of $443.57 per share, the shares brought in a total of $2,217,850.00 after being sold.
As a consequence of the transaction, the chief executive officer now owns 112,048 shares worth $49,701,131.36.

The transaction was made public by a legal filing with the Securities and Exchange Commission, which may be located here for your perusal.

In addition, director Richard F. Wallman purchased 1,000 shares of the company’s stock on February 14th.

The total price of the shares was $424,950.00, which works out to $424.95 per share.

As a direct consequence of the transaction, the director now holds direct ownership of 1,000 shares of the company’s stock, with an approximate value of $424,950.

The disclosure regarding this purchase can be found here.

Internal shareholders own 0.88% of the company’s shares.

Recent months have seen several significant institutional investors shift their ROP positions.

During the second quarter, Ronald Blue Trust INC forked over nearly $27,000 to Roper Technologies to fill a newly created position.

During the final three months of 2018, Phocas Finance Corporation purchased a new investment in Roper Technologies valued at roughly $28,000. Compass Wealth Management LLC made a new investment in Roper Technologies during the fourth quarter, paying approximately $30,000 for the position. Fortis Capital Advisors LLC invested about $30,000 in Roper Technologies during the fourth quarter to acquire a new investment in the company. On the final transaction of the fourth quarter, the U.S. Capital Wealth Advisers LLC shelled out $34,000 to acquire a new interest in Roper Technologies.

Institutional investors own the company’s stock at 92.41%.

Roper Technologies, INC is a technology company that caters to specialized markets worldwide by providing engineered products and tailored solutions.

Application software, network software, and technology-enabled products comprise its business, which may be broken down into these three groups.

The application software market includes companies such as Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.

Source: beststocks.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai