Roper Technologies (NYSE:ROP) Rating Reiterated by Truist Financial

Roper Technologies (NYSE:ROP)‘s stock had its “buy” rating reaffirmed by analysts at Truist Financial in a research note issued to investors on Thursday, Benzinga reports. They currently have a $665.00 price target on the industrial products company’s stock, up from their prior price target of $660.00. Truist Financial’s target price suggests a potential upside of 22.69% from the company’s current price.

A number of other equities analysts also recently issued reports on ROP. Oppenheimer reduced their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada upped their price target on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $542.00 on Thursday. The company has a market capitalization of $58.10 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $551.39 and a 200 day moving average of $545.44.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Roper Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.32 earnings per share. On average, sell-side analysts predict that Roper Technologies will post 18.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares in the last quarter. ORG Partners LLC grew its holdings in Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after buying an additional 2,399 shares in the last quarter. Duality Advisers LP grew its holdings in Roper Technologies by 355.4% in the 1st quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after buying an additional 9,385 shares in the last quarter. Finally, American National Bank & Trust Co. VA purchased a new stake in Roper Technologies in the 1st quarter valued at $6,314,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

About Roper Technologies

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.