Roper Technologies (NYSE:ROP) had its target price increased by stock analysts at Oppenheimer from $460.00 to $505.00 in a report issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price suggests a potential upside of 21.76% from the stock’s current price.

A number of other research firms also recently weighed in on ROP. Barclays increased their price objective on Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a report on Tuesday. Argus increased their price objective on Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, February 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Roper Technologies from $320.00 to $310.00 and set an “underweight” rating for the company in a report on Monday, February 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Roper Technologies currently has an average rating of “Hold” and a consensus price target of $433.78.

Shares of ROP opened at $414.74 on Thursday. Roper Technologies has a 52 week low of $304.55 and a 52 week high of $455.72. The stock has a market capitalization of $43.52 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.64 and a current ratio of 0.73. The stock has a fifty day moving average of $392.89 and a 200-day moving average of $406.10.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Thursday, January 28th. The industrial products company reported $3.56 EPS for the quarter, beating the Zacks’ consensus estimate of $3.49 by $0.07. Roper Technologies had a return on equity of 13.53% and a net margin of 28.89%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company earned $3.39 EPS. Roper Technologies’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that Roper Technologies will post 12.65 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Chesley Taft & Associates LLC grew its holdings in Roper Technologies by 0.8% during the 1st quarter. Chesley Taft & Associates LLC now owns 7,095 shares of the industrial products company’s stock worth $2,943,000 after acquiring an additional 55 shares during the period. Private Trust Co. NA acquired a new stake in shares of Roper Technologies in the 1st quarter valued at about $690,000. Capital Investment Services of America Inc. grew its stake in shares of Roper Technologies by 2.3% in the 1st quarter. Capital Investment Services of America Inc. now owns 54,894 shares of the industrial products company’s stock valued at $22,141,000 after buying an additional 1,239 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Roper Technologies in the 1st quarter valued at about $1,702,000. Finally, American Research & Management Co. grew its stake in shares of Roper Technologies by 1.2% in the 1st quarter. American Research & Management Co. now owns 5,249 shares of the industrial products company’s stock valued at $2,117,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 91.73% of the company’s stock.

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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Analyst Recommendations for Roper Technologies (NYSE:ROP)

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