JPMorgan Chase & Co. Issues Positive Forecast for Roper Technologies (NYSE:ROP) Stock Price

Roper Technologies (NYSE:ROP - Free Report) had its price objective increased by JPMorgan Chase & Co. from $561.00 to $577.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the industrial products company's stock.

ROP has been the topic of several other research reports. Robert W. Baird raised their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

Roper Technologies Stock Down 1.2%

Shares of NYSE:ROP traded down $6.82 during midday trading on Tuesday, reaching $557.02. The company had a trading volume of 885,390 shares, compared to its average volume of 564,833. 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 stock's fifty day moving average price is $564.72 and its 200-day moving average price is $562.13. The stock has a market capitalization of $59.89 billion, a P/E ratio of 38.84, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.48 earnings per share. Equities research analysts expect that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were paid a $0.825 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies's payout ratio is 23.19%.

Insider Activity

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company's stock.

Institutional Investors Weigh In On Roper Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC boosted its stake in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after purchasing an additional 61 shares in the last quarter. Freedom Day Solutions LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $1,808,000. Tandem Investment Advisors Inc. boosted its stake in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after purchasing an additional 32,694 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after purchasing an additional 819 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $264,000. Institutional investors and hedge funds 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.