Roper Technologies (NYSE:ROP) Raised to “Buy” at TD Cowen

Roper Technologies (NYSE:ROP) was upgraded by stock analysts at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a $615.00 price objective on the industrial products company’s stock, up from their previous price objective of $535.00. TD Cowen’s target price would indicate a potential upside of 13.26% from the stock’s previous close.

ROP has been the subject of a number of other research reports. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer started coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price for the company. Finally, Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Price Performance

ROP stock opened at $543.02 on Tuesday. The stock has a market capitalization of $58.23 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 2.55 and a beta of 1.04. The firm’s 50-day moving average price is $535.41 and its two-hundred day moving average price is $544.70. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $580.09.

Institutional Trading of Roper Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ROP. Ledyard National Bank increased its position in shares of Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC raised its stake in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC boosted its position in shares of Roper Technologies by 4.2% during the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after buying an additional 21 shares during the last quarter. Finally, Ballast Advisors LLC raised its position in Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after buying an additional 21 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Company Profile

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.