Truist Financial Forecasts Strong Price Appreciation for Roper Technologies (NYSE:ROP) Stock

Roper Technologies (NYSE:ROP - Get Free Report) had its target price increased by equities research analysts at Truist Financial from $675.00 to $685.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective points to a potential upside of 22.07% from the company's previous close.

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $635.45.

Roper Technologies Trading Up 1.7%

NYSE ROP traded up $9.25 on Tuesday, reaching $561.16. The company had a trading volume of 401,192 shares, compared to its average volume of 561,228. The firm has a market cap of $60.33 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The business has a 50 day moving average of $565.64 and a two-hundred day moving average of $561.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the company posted $4.48 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Analysts forecast that Roper Technologies will post 19.96 EPS for the current year.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors have recently made changes to their positions in ROP. Endowment Wealth Management Inc. boosted its holdings in Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after purchasing an additional 18 shares during the last quarter. Fiduciary Alliance LLC raised its position in Roper Technologies by 0.8% in the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock worth $1,329,000 after acquiring an additional 18 shares during the period. Meridian Financial Partners LLC raised its position in Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after acquiring an additional 19 shares during the period. My Legacy Advisors LLC raised its position in Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after acquiring an additional 19 shares during the period. Finally, Smith Shellnut Wilson LLC ADV raised its position in Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after acquiring an additional 20 shares during the period. 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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