Roper Technologies’ (ROP) “Strong-Buy” Rating Reiterated at Raymond James

Roper Technologies (NYSE:ROP)‘s stock had its “strong-buy” rating reissued by investment analysts at Raymond James in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $655.00 price objective on the industrial products company’s stock, up from their previous price objective of $620.00. Raymond James’ price target points to a potential upside of 13.13% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday. Oppenheimer began coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $621.30.

Roper Technologies Stock Performance

ROP stock traded up $8.40 on Friday, hitting $579.00. The company had a trading volume of 222,635 shares, compared to its average volume of 658,960. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $584.31. 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 stock’s 50-day simple moving average is $535.62 and its 200 day simple moving average is $544.87. The stock has a market cap of $62.09 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 2.60 and a beta of 1.04.

Institutional Trading of Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC increased its holdings in shares of Roper Technologies by 228.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 476 shares of the industrial products company’s stock worth $247,000 after buying an additional 331 shares during the last quarter. Principal Securities Inc. raised its position in Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 20 shares during the period. Roxbury Financial LLC purchased a new stake in Roper Technologies in the 4th quarter worth about $1,025,000. Lord & Richards Wealth Management LLC purchased a new stake in Roper Technologies in the 4th quarter worth about $492,000. Finally, Manchester Capital Management LLC raised its position in Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 18 shares during the period. 93.31% of the stock is currently owned by institutional investors.

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.