JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Roper Technologies (NYSE:ROP) Stock

Roper Technologies (NYSE:ROP - Free Report) had its price target upped by JPMorgan Chase & Co. from $561.00 to $577.00 in a research note issued to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company's stock.

Several other equities research analysts have also commented on the stock. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Finally, Royal Bank Of Canada increased their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $637.18.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $3.34 during midday trading on Tuesday, reaching $560.36. The company had a trading volume of 544,538 shares, compared to its average volume of 620,823. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $595.17. The business's 50-day simple moving average is $564.72 and its 200 day simple moving average is $562.13. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $60.25 billion, a P/E ratio of 39.08, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.48 EPS. On average, analysts forecast that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the company's 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 completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Institutional Trading of Roper Technologies

Several hedge funds have recently modified their holdings of the stock. Inspire Investing LLC lifted its stake in Roper Technologies by 6.9% in the second quarter. Inspire Investing LLC now owns 10,998 shares of the industrial products company's stock worth $6,234,000 after acquiring an additional 708 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Roper Technologies by 8.5% in the 2nd quarter. Aberdeen Group plc now owns 32,947 shares of the industrial products company's stock valued at $18,676,000 after purchasing an additional 2,590 shares in the last quarter. Davis Rea LTD. lifted its position in shares of Roper Technologies by 0.3% during the 2nd quarter. Davis Rea LTD. now owns 8,930 shares of the industrial products company's stock worth $5,062,000 after purchasing an additional 26 shares during the last quarter. Strong Tower Advisory Services grew its stake in shares of Roper Technologies by 3.0% during the second quarter. Strong Tower Advisory Services now owns 5,088 shares of the industrial products company's stock worth $2,884,000 after purchasing an additional 147 shares in the last quarter. Finally, PDS Planning Inc increased its holdings in Roper Technologies by 44.9% in the second quarter. PDS Planning Inc now owns 1,029 shares of the industrial products company's stock valued at $583,000 after buying an additional 319 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company Profile

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.