Analyst Explains Why They Upgraded Their Rating on Roper Technologies (ROP)


Roper Technologies (ROP) received a Buy rating and a $460.00 price target from Oppenheimer analyst Christopher Glynn yesterday. The company’s shares closed last Tuesday at $387.98.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 19.1% and a 67.6% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Wesco International.

Roper Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $423.80.

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The company has a one-year high of $455.72 and a one-year low of $240.00. Currently, Roper Technologies has an average volume of 592.4K.

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Roper Technologies, Inc. is diversified technology company, which 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.

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