Roper Technologies Receives a Hold from Canaccord Genuity

By Carrie Williams

Canaccord Genuity analyst John Quealy reiterated a Hold rating on Roper Technologies (NYSE: ROP) yesterday and set a price target of $175. The company’s shares opened today at $171.58.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 1.8% and a 44.4% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Lsi Industries Inc.

Currently, the analyst consensus on Roper Technologies is Moderate Buy and the average price target is $175, representing a 2.0% upside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.

Roper Technologies’ market cap is currently $17.56B and has a P/E ratio of 25.61. The company has a book value ratio of 3.1324.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Robert D. Johnson, a Director at ROP sold 1,400 shares for a total of $242,774.

Roper Technologies, Inc. engages in the provision of engineered products and solutions for the global niche markets. It operates through the following segments: Medical and Scientific Imaging, RF Technology, Industrial Technology and Energy Systems and Controls. The Medical and Scientific Imaging segment offers products and software for medical applications and digital imaging. The RF Technology segment provides radio frequency identification communication technology and software solutions that are used in toll and traffic systems and processing; security and access control; campus card systems; software-as-a-service in the freight matching and food industries; and metering and remote monitoring applications. The Industrial Technology segment produces fluid handling pumps; equipment and consumables for materials analysis; leak testing equipment; flow measurement and metering equipment; and water and automatic meter reading. The Energy Systems and Controls segment manufactures control systems; fluid properties testing equipment; industrial valves and controls; sensors and controls; and non-destructive inspection and measurement instrumentation. The company was founded on December 17, 1981 and is headquartered in Sarasota, FL.