Roper Technologies (NYSE:ROP) Earns Buy Rating from Truist Financial

Roper Technologies (NYSE:ROP - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Truist Financial in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $675.00 target price on the industrial products company's stock, up from their previous target price of $665.00. Truist Financial's price objective suggests a potential upside of 16.79% from the stock's current price.

Several other brokerages have also recently commented on ROP. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $535.00 to $615.00 in a research report on Tuesday. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $617.80.

Roper Technologies Trading Up 1.3 %

Roper Technologies stock traded up $7.38 during midday trading on Friday, reaching $577.98. 190,556 shares of the stock traded hands, 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. The firm has a market cap of $61.98 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04. The company has a 50-day simple moving average of $535.62 and a two-hundred day simple moving average of $544.87. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $584.31.

Institutional Trading of Roper Technologies

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock valued at $19,282,000 after buying an additional 1,789 shares during the last quarter. Citigroup Inc. raised its stake in Roper Technologies by 17.6% during the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock valued at $106,050,000 after acquiring an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 961 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after purchasing an additional 42,016 shares during the last quarter. 93.31% of the stock is 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.

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