Roper Technologies (NYSE:ROP) Price Target Raised to $640.00

Roper Technologies (NYSE:ROP) had its price objective upped by Oppenheimer from $630.00 to $640.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price objective points to a potential upside of 10.26% from the company’s previous close.

ROP has been the subject of a number of other reports. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a report on Friday. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $535.00 to $615.00 in a research note on Tuesday. JPMorgan Chase & Co. lifted 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. Finally, Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $622.30.

Roper Technologies Price Performance

NYSE:ROP traded up $9.82 during trading hours on Friday, reaching $580.42. 322,614 shares of the company’s stock were exchanged, compared to its average volume of 663,630. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $584.31. The business’s 50-day simple moving average is $535.62 and its two-hundred day simple moving average is $544.87. The company has a market capitalization of $62.24 billion, a P/E ratio of 42.51, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Institutional Trading of Roper Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ROP. Fortitude Family Office LLC bought a new stake in Roper Technologies during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $45,000. Central Pacific Bank Trust Division raised its position in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new position in Roper Technologies in the 4th quarter valued at $49,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company Profile

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.