An Analysis of Roper Technologies Inc. (ROP)’s Potential Price Growth


Roper Technologies Inc.’s recently made public that its President and CEO HUNN LAURENCE NEIL unloaded Company’s shares for reported $2.22 million on Jan 10. In the deal valued at $443.57 per share,5,000 shares were sold. As a result of this transaction, HUNN LAURENCE NEIL now holds 112,048 shares worth roughly $ 49.64 million.

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Then, WRIGHT CHRISTOPHER sold 416 shares, generating $182,308 in total proceeds. Upon selling the shares at $438.24, the Director now owns 38,708 shares.

Before that, JOHNSON ROBERT D sold 250 shares. Roper Technologies Inc. shares valued at $110,530 were divested by the Director at a price of $442.12 per share. As a result of the transaction, JOHNSON ROBERT D now holds 6,403 shares, worth roughly $2.84 million.

Bernstein initiated its Roper Technologies Inc. [ROP] rating to a Mkt perform in a research note published on Monday, August 17, 2022; the price target was $490. PT values the company’s stock at a premium of 9.59 to its Monday closing price. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in mid January with a ‘”a Mkt perform”‘ rating. Mizuho began covering ROP with “Buy” recommendation on December 17, 2021. Wolfe Research started covering the stock on December 15, 2021. It rated ROP as “a Peer perform”.

Price Performance Review of ROP

On Monday, Roper Technologies Inc. [NYSE:ROP] saw its stock jump 0.33% to $443.03. On the same session, the stock had its day’s lowest price of $439.80, but rose to a high of $444.57. Over the last five days, the stock has lost -1.76%. Roper Technologies Inc. shares have risen nearly 2.53% since the year began. Nevertheless, the stocks have risen 0.75% over the past one year. While a 52-week high of $488.23 was reached on 01/12/23, a 52-week low of $356.21 was recorded on 01/20/23. SMA at 50 days reached $435.59, while 200 days put it at $418.60. A total of 0.5 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For ROP Stock

The 24-hour chart illustrates a support level at 440.36, which if violated will result in even more drops to 437.70. On the upside, there is a resistance level at 445.13. A further resistance level may holdings at 447.24. The Relative Strength Index (RSI) on the 14-day chart is 54.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.47%. Stochastics %K at 43.33% indicates the stock is a holding.

How much short interest is there in Roper Technologies Inc.?

A steep rise in short interest was recorded in Roper Technologies Inc. stocks on Oct 13, 2022, dropping by 30000.0 shares to a total of 1.18 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 1.21 million shares. There was a decline of -2.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.04.

Roper Technologies Inc. [ROP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,979,147 shares, or roughly 8.47% of the outstanding ROP shares. In other words, the investor’s shares have risen by 124,510 from its previous 13-F filing of 8854637.0. Additionally, T. Rowe Price Associates, Inc. decreased -33.93% of its stake after which the total value it holdings stand at $3,433,769,540, while BlackRock Fund Advisors added 1.42% of its stake to hold $2.29 billion in the firm. At present, Franklin Advisers, Inc. is holding 3,210,154 shares valued at $1.39 billion. Principal Global Investors LLC owned 2,652,939 shares of the company at the time of its most recent 13F filing, worth $1.15 billion.

According to FactSet, Roper Technologies Inc.’s share price will average $493.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.23 percent from its previous closing price of $441.59. Analysts expect Roper Technologies Inc. stock to reach the higher price of $591.00, while the lowest price estimate is $385.00. However, 16 analysts have rated ROP stock as an Overweight in their predictions for 2023.


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