Roper Technologies (NYSE:ROP) Price Target Raised to $470.00

Roper Technologies (NYSE:ROP - Get Free Report) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $465.00 to $470.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 16.97% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday. Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Robert W. Baird lifted their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $620.91.

Roper Technologies Stock Up 1.5 %

ROP traded up $8.45 on Tuesday, hitting $566.04. The company had a trading volume of 556,040 shares, compared to its average volume of 550,406. Roper Technologies has a 52-week low of $499.47 and a 52-week high of $595.17. The stock has a fifty day simple moving average of $566.81 and a 200-day simple moving average of $554.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $60.86 billion, a P/E ratio of 39.47, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.41 EPS. As a group, equities analysts expect that Roper Technologies will post 19.96 EPS for the current fiscal year.

Insider Buying and Selling at Roper Technologies

In other news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ROP. Burling Wealth Partners LLC grew its holdings in Roper Technologies by 9.6% during the first quarter. Burling Wealth Partners LLC now owns 9,281 shares of the industrial products company's stock valued at $5,472,000 after purchasing an additional 815 shares during the period. Forte Capital LLC ADV lifted its position in shares of Roper Technologies by 3.6% during the 1st quarter. Forte Capital LLC ADV now owns 631 shares of the industrial products company's stock valued at $372,000 after buying an additional 22 shares in the last quarter. Forum Financial Management LP grew its stake in shares of Roper Technologies by 12.3% during the 1st quarter. Forum Financial Management LP now owns 951 shares of the industrial products company's stock valued at $561,000 after acquiring an additional 104 shares during the period. Graypoint LLC raised its stake in Roper Technologies by 1.3% during the 1st quarter. Graypoint LLC now owns 3,484 shares of the industrial products company's stock worth $2,054,000 after acquiring an additional 45 shares during the period. Finally, Ascent Wealth Partners LLC lifted its holdings in Roper Technologies by 11.0% during the first quarter. Ascent Wealth Partners LLC now owns 15,601 shares of the industrial products company's stock valued at $9,007,000 after purchasing an additional 1,547 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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.