Roper Technologies (NYSE:ROP) had its target price increased by equities research analysts at Oppenheimer from $460.00 to $505.00 in a report issued on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price would indicate a potential upside of 21.76% from the stock’s previous close.
A number of other brokerages have also commented on ROP. Argus boosted their price target on Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, February 2nd. JPMorgan Chase & Co. cut their price target on Roper Technologies from $320.00 to $310.00 and set an “underweight” rating on the stock in a report on Monday, February 1st. Finally, Barclays boosted their price target on Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $433.78.
Shares of NYSE ROP opened at $414.74 on Thursday. The stock has a market cap of $43.52 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.73 and a beta of 1.03. The firm has a 50 day moving average price of $392.89 and a 200 day moving average price of $406.10. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.64 and a current ratio of 0.73. Roper Technologies has a 52-week low of $304.55 and a 52-week high of $455.72.
Large investors have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $25,000. Samalin Investment Counsel LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $26,000. Childress Capital Advisors LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $27,000. Capital Asset Advisory Services LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $31,000. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Roper Technologies during the fourth quarter worth approximately $34,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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