JPMorgan Chase & Co. Reaffirms "Underweight" Rating for Roper Technologies (NASDAQ:ROP)

Key Points

• JPMorgan Chase & Co. has reaffirmed its "underweight" rating on Roper Technologies, reducing the target price from $577 to $541, suggesting a potential upside of 5.29% from the stock's current price.
• Overall, Roper Technologies has received mixed ratings from analysts, with one "Strong Buy," eight "Buy," two "Hold," and two "Sell" ratings, indicating a consensus average rating of "Moderate Buy."
• Roper Technologies reported quarterly earnings of $4.81 EPS with expectations to post $19.96 EPS for the current fiscal year, amidst a market capitalization of $55.29 billion.

Roper Technologies (NASDAQ:ROP - Get Free Report)'s stock had its "underweight" rating reaffirmed by JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $541.00 target price on the industrial products company's stock, down from their prior target price of $577.00. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 5.29% from the stock's current price.

Other analysts have also issued reports about the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Roper Technologies in a research note on Wednesday, October 8th. Citigroup began coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They set a "buy" rating and a $626.00 target price for the company. Royal Bank Of Canada upped their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Barclays reduced their price target on shares of Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research report on Wednesday, October 1st. Finally, Truist Financial upped their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $632.00.

Roper Technologies Trading Up 0.2%

Roper Technologies stock opened at $513.82 on Wednesday. The firm has a 50 day simple moving average of $517.49 and a 200-day simple moving average of $546.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43. The stock has a market capitalization of $55.29 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00. Roper Technologies has a 12-month low of $492.25 and a 12-month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. The business had revenue of $1.88 billion during the quarter. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, equities research analysts expect that Roper Technologies will post 19.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ROP. Endowment Wealth Management Inc. lifted its stake in Roper Technologies by 3.4% in the first quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock valued at $327,000 after buying an additional 18 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Roper Technologies by 0.8% in the second quarter. Fiduciary Alliance LLC now owns 2,344 shares of the industrial products company's stock valued at $1,329,000 after purchasing an additional 18 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 20 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its position in shares of Roper Technologies by 0.8% in the second quarter. Townsend Asset Management Corp NC ADV now owns 2,554 shares of the industrial products company's stock valued at $1,448,000 after acquiring an additional 20 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Roper Technologies by 2.9% in the second quarter. Sagespring Wealth Partners LLC now owns 718 shares of the industrial products company's stock valued at $407,000 after acquiring an additional 20 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.