Fintel reports that on July 25, 2024, Baird upgraded their outlook for Roper Technologies (NasdaqGS:ROP) from Neutral to Outperform.
Analyst Price Forecast Suggests 15.19% Upside
As of July 24, 2024, the average one-year price target for Roper Technologies is $623.05/share. The forecasts range from a low of $535.30 to a high of $714.00. The average price target represents an increase of 15.19% from its latest reported closing price of $540.89 / share.
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The projected annual revenue for Roper Technologies is 6,446MM, an increase of 0.90%. The projected annual non-GAAP EPS is 17.52.
What is the Fund Sentiment?
There are 2,136 funds or institutions reporting positions in Roper Technologies. This is an increase of 24 owner(s) or 1.14% in the last quarter. Average portfolio weight of all funds dedicated to ROP is 0.44%, an increase of 5.68%. Total shares owned by institutions decreased in the last three months by 2.44% to 112,838K shares. 
The put/call ratio of ROP is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 6,081K shares representing 5.68% ownership of the company. In its prior filing, the firm reported owning 6,545K shares , representing a decrease of 7.64%. The firm decreased its portfolio allocation in ROP by 12.82% over the last quarter.
Franklin Resources holds 3,584K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 3,266K shares , representing an increase of 8.89%. The firm decreased its portfolio allocation in ROP by 86.78% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,367K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 3,345K shares , representing an increase of 0.67%. The firm decreased its portfolio allocation in ROP by 5.58% over the last quarter.
T. Rowe Price Investment Management holds 3,154K shares representing 2.95% ownership of the company. In its prior filing, the firm reported owning 2,801K shares , representing an increase of 11.17%. The firm increased its portfolio allocation in ROP by 8.98% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,692K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 2,610K shares , representing an increase of 3.06%. The firm decreased its portfolio allocation in ROP by 6.44% 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.
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