TD Cowen Upgrades Roper Technologies (NYSE:ROP) to Buy

Roper Technologies (NYSE:ROP) was upgraded by TD Cowen from a “hold” rating to a “buy” rating in a report issued on Tuesday,Briefing.com Automated Import reports. The firm presently has a $615.00 price objective on the industrial products company’s stock, up from their prior price objective of $535.00. TD Cowen’s price objective would indicate a potential upside of 13.61% from the stock’s current price.

ROP has been the subject of several other reports. Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target for the company. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Stock Performance

NYSE:ROP opened at $541.33 on Tuesday. The business has a fifty day simple moving average of $535.54 and a two-hundred day simple moving average of $544.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $580.09. The company has a market capitalization of $58.05 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.55 and a beta of 1.04.

Institutional Trading of Roper Technologies

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after acquiring an additional 345,268 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $69,382,000. Loomis Sayles & Co. L P increased its position in Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after buying an additional 132,913 shares in the last quarter. State Street Corp raised its stake in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after buying an additional 132,575 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after acquiring an additional 116,523 shares in the last quarter. 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.