Fintel reports that on July 24, 2023, Barclays maintained coverage of Roper Technologies (NYSE:ROP) with a Overweight recommendation.
Analyst Price Forecast Suggests 6.44% Upside
As of July 5, 2023, the average one-year price target for Roper Technologies is 527.05. The forecasts range from a low of 479.75 to a high of $577.50. The average price target represents an increase of 6.44% from its latest reported closing price of 495.16.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roper Technologies is 6,002MM, an increase of 3.80%. The projected annual non-GAAP EPS is 16.10.
What is the Fund Sentiment?
There are 1907 funds or institutions reporting positions in Roper Technologies. This is an increase of 15 owner(s) or 0.79% in the last quarter. Average portfolio weight of all funds dedicated to ROP is 0.49%, a decrease of 3.14%. Total shares owned by institutions decreased in the last three months by 1.99% to 115,664K shares. 
The put/call ratio of ROP is 0.38, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 8,877K shares representing 8.33% ownership of the company. In it's prior filing, the firm reported owning 8,441K shares, representing an increase of 4.92%. The firm decreased its portfolio allocation in ROP by 0.18% over the last quarter.
T. Rowe Price Investment Management holds 3,662K shares representing 3.44% ownership of the company. In it's prior filing, the firm reported owning 3,337K shares, representing an increase of 8.88%. The firm increased its portfolio allocation in ROP by 4.58% over the last quarter.
Franklin Resources holds 3,312K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,327K shares, representing a decrease of 0.43%. The firm decreased its portfolio allocation in ROP by 78.26% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,283K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 3,223K shares, representing an increase of 1.82%. The firm decreased its portfolio allocation in ROP by 4.08% over the last quarter.
Alliancebernstein holds 2,898K shares representing 2.72% ownership of the company. In it's prior filing, the firm reported owning 2,483K shares, representing an increase of 14.32%. The firm decreased its portfolio allocation in ROP by 4.08% over the last quarter.
Roper Technologies Background Information
(This description is provided by the company.)
Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets.
Additional reading:
- Roper Technologies announces second quarter financial results Increasing full year guidance
- Roper Technologies announces move to Nasdaq
- CERTIFICATE OF INCORPORATION ROPER TECHNOLOGIES, INC. AMENDED AND RESTATED THROUGH JUNE 13, 2023
- Roper Technologies announces first quarter financial results Increasing full year guidance
- List of Subsidiaries, filed herewith.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
