Royal Bank Of Canada Boosts Roper Technologies (NYSE:ROP) Price Target to $703.00

Roper Technologies (NYSE:ROP - Get Free Report) had its target price increased by stock analysts at Royal Bank Of Canada from $695.00 to $703.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's target price indicates a potential upside of 25.28% from the stock's current price.

Several other analysts also recently issued reports on the company. William Blair initiated coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Truist Financial upped their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Finally, Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $635.45.

Roper Technologies Trading Up 1.7%

Shares of Roper Technologies stock traded up $9.25 on Tuesday, reaching $561.16. 401,192 shares of the company were exchanged, compared to its average volume of 561,228. The stock has a fifty day moving average price of $565.64 and a 200-day moving average price of $561.89. The firm has a market capitalization of $60.33 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. 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 fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.48 EPS. On average, analysts expect that Roper Technologies will post 19.96 EPS for the current year.

Institutional Trading of Roper Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Roper Technologies in the 4th quarter valued at $203,000. Proficio Capital Partners LLC boosted its stake in shares of Roper Technologies by 14.2% in the fourth quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock valued at $280,000 after buying an additional 67 shares during the period. Sei Investments Co. boosted its stake in shares of Roper Technologies by 9.1% in the fourth quarter. Sei Investments Co. now owns 49,676 shares of the industrial products company's stock valued at $25,826,000 after buying an additional 4,123 shares during the period. LPL Financial LLC boosted its stake in shares of Roper Technologies by 15.9% in the fourth quarter. LPL Financial LLC now owns 69,331 shares of the industrial products company's stock valued at $36,042,000 after buying an additional 9,510 shares during the period. Finally, Stevens Capital Management LP bought a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $242,000. 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.

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