Roper Technologies (NYSE:ROP) Price Target Raised to $577.00

Roper Technologies (NYSE:ROP - Get Free Report) had its target price upped by investment analysts at JPMorgan Chase & Co. from $561.00 to $577.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 2.82% from the stock's current price.

Other research analysts have also issued research reports about the company. Robert W. Baird increased their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus decreased their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. Royal Bank Of Canada increased their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $635.45.

Roper Technologies Stock Performance

NYSE:ROP traded up $9.25 during midday trading on Tuesday, hitting $561.16. The company's stock had a trading volume of 401,192 shares, compared to its average volume of 616,286. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm's 50 day moving average is $565.64 and its 200-day moving average is $561.89. 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 cap of $60.33 billion, a P/E ratio of 39.11, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last issued 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 firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.48 EPS. Equities analysts anticipate that Roper Technologies will post 19.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roper Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after purchasing an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock worth $3,515,984,000 after purchasing an additional 500,764 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Roper Technologies by 0.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after buying an additional 20,238 shares during the last quarter. Geode Capital Management LLC lifted its stake in Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after buying an additional 29,184 shares during the last quarter. Finally, Norges Bank purchased a new stake in Roper Technologies in the fourth quarter valued at approximately $914,052,000. 93.31% of the stock is 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.

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