Roper Technologies (NYSE:ROP) Hits New 52-Week High – Should You Buy?

Roper Technologies, Inc. (NYSE:ROP)’s share price reached a new 52-week high on Wednesday . The company traded as high as $595.17 and last traded at $593.81, with a volume of 629102 shares trading hands. The stock had previously closed at $584.83.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROP. Robert W. Baird set a $665.00 price objective on Roper Technologies in a report on Friday, January 31st. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Truist Financial reiterated 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. Finally, JPMorgan Chase & Co. raised their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.60.

Roper Technologies Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market cap of $63.77 billion, a P/E ratio of 41.41, a P/E/G ratio of 2.77 and a beta of 1.05. The stock has a 50-day moving average price of $549.76 and a 200-day moving average price of $550.66.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value 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 approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock worth $4,712,045 over the last three months. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Roper Technologies

A number of large investors have recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $26,000. Putney Financial Group LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at $31,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies during the 4th quarter valued at $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies in the 4th quarter worth $38,000. Finally, Parvin Asset Management LLC bought a new stake in Roper Technologies in the fourth quarter worth $39,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

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.