New Buy Rating for Roper Technologies (ROP), the Technology Giant

RBC Capital analyst Deane Dray maintained a Buy rating on Roper Technologies (ROP – Research Report) yesterday and set a price target of $680.00. The company’s shares closed last Friday at $526.78.

According to TipRanks, Dray is a 5-star analyst with an average return of 15.2% and a 63.73% success rate. Dray covers the Industrials sector, focusing on stocks such as Eaton, Pentair, and Atkore International Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roper Technologies with a $593.90 average price target, representing a 12.74% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a $625.00 price target.

Based on Roper Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.53 billion and a net profit of $364.9 million. In comparison, last year the company earned a revenue of $1.31 billion and had a net profit of $268.8 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROP in relation to earlier this year.

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Roper Technologies (ROP) Company Description:

Incorporated in 1981 and based in Florida, Roper Technologies, Inc. is a diversified technology company, which designs and develops software, and engineered products and solutions worldwide. It operates through the following segments: Application Software, Network Software & Systems, Measurement & Analytical Solutions, and Process Technologies.