Roper Technologies’ (ROP) Buy Rating Reaffirmed at Truist Financial

Roper Technologies (NYSE:ROP)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a research report issued on Friday,Benzinga reports. They currently have a $675.00 price objective on the industrial products company’s stock, up from their prior price objective of $665.00. Truist Financial’s target price points to a potential upside of 16.79% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Mizuho lifted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $617.80.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $7.38 on Friday, reaching $577.98. 190,556 shares of the company were exchanged, compared to its average volume of 657,751. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies has a 1-year low of $499.47 and a 1-year high of $584.31. The company has a 50-day moving average of $535.62 and a 200-day moving average of $544.87. The firm has a market cap of $61.98 billion, a price-to-earnings ratio of 42.26, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04.

Hedge Funds Weigh In On Roper Technologies

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of Roper Technologies by 70.3% during the 2nd quarter. NewEdge Advisors LLC now owns 3,836 shares of the industrial products company’s stock valued at $2,162,000 after buying an additional 1,584 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Roper Technologies by 15.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 570 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 78 shares during the period. Truist Financial Corp lifted its stake in shares of Roper Technologies by 2.4% in the 2nd quarter. Truist Financial Corp now owns 9,986 shares of the industrial products company’s stock valued at $5,629,000 after purchasing an additional 238 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Roper Technologies by 4.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,178 shares of the industrial products company’s stock worth $11,937,000 after purchasing an additional 838 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Roper Technologies during the 2nd quarter worth approximately $2,576,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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.