Roper Technologies (NYSE:ROP) Given New $687.00 Price Target at Robert W. Baird

Roper Technologies (NYSE:ROP - Get Free Report) had its target price hoisted by equities researchers at Robert W. Baird from $668.00 to $687.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price target points to a potential upside of 22.02% from the stock's current price.

Several other equities analysts also recently commented on ROP. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Stifel Nicolaus cut their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

Roper Technologies Stock Up 2.0%

ROP stock traded up $11.10 during midday trading on Tuesday, hitting $563.01. The company's stock had a trading volume of 440,230 shares, compared to its average volume of 561,374. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a market cap of $60.53 billion, a PE ratio of 39.26, a P/E/G ratio of 2.77 and a beta of 1.02. The firm's 50-day moving average is $565.64 and its 200-day moving average is $561.89.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period last year, the business earned $4.48 earnings per share. The business's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN boosted its holdings in shares of Roper Technologies by 14.2% in the 2nd quarter. OLD National Bancorp IN now owns 401 shares of the industrial products company's stock valued at $227,000 after acquiring an additional 50 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of Roper Technologies by 1.3% in the second quarter. Penobscot Investment Management Company Inc. now owns 6,447 shares of the industrial products company's stock worth $3,655,000 after buying an additional 80 shares during the last quarter. Elevate Capital Advisors LLC raised its position in Roper Technologies by 20.6% during the second quarter. Elevate Capital Advisors LLC now owns 3,636 shares of the industrial products company's stock valued at $2,061,000 after acquiring an additional 621 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Roper Technologies by 5.4% in the second quarter. QRG Capital Management Inc. now owns 5,230 shares of the industrial products company's stock valued at $2,965,000 after acquiring an additional 266 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its position in Roper Technologies by 1.9% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 68,882 shares of the industrial products company's stock worth $39,045,000 after purchasing an additional 1,305 shares in the last quarter. Hedge funds and other institutional investors 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.

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