Roper Technologies (ROP) PT Raised to $303.00 at JPMorgan Chase

Roper Technologies (NYSE:ROP) had its price objective hoisted by equities research analysts at JPMorgan Chase from $300.00 to $303.00 in a research report issued on Tuesday. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase’s price objective would suggest a potential upside of 6.73% from the company’s current price.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, April 9th. ValuEngine upgraded Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $330.00 price objective on shares of Roper Technologies in a research note on Monday, February 5th. Cowen reiterated a “buy” rating and set a $310.00 price objective on shares of Roper Technologies in a research note on Tuesday, March 6th. Finally, Barclays initiated coverage on Roper Technologies in a research note on Thursday, February 15th. They set an “equal weight” rating and a $285.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $303.58.

Shares of NYSE:ROP traded up $2.68 during midday trading on Tuesday, reaching $283.89. 4,828 shares of the company traded hands, compared to its average volume of 483,923. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 0.73. Roper Technologies has a 12 month low of $221.57 and a 12 month high of $292.97. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.99 and a beta of 1.06.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.12. Roper Technologies had a return on equity of 15.41% and a net margin of 21.70%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts predict that Roper Technologies will post 11.21 EPS for the current fiscal year.

In other Roper Technologies news, Director Christopher Wright sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $280.08, for a total value of $420,120.00. Following the transaction, the director now directly owns 62,050 shares in the company, valued at approximately $17,378,964. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman bought 500 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was acquired at an average price of $282.59 per share, for a total transaction of $141,295.00. The disclosure for this purchase can be found here. 2.50% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in ROP. Schwab Charles Investment Management Inc. increased its position in shares of Roper Technologies by 5.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 351,772 shares of the industrial products company’s stock valued at $91,109,000 after purchasing an additional 18,500 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Roper Technologies by 126.5% during the 4th quarter. State of Alaska Department of Revenue now owns 13,608 shares of the industrial products company’s stock valued at $3,522,000 after purchasing an additional 7,600 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Roper Technologies by 1.8% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 205,757 shares of the industrial products company’s stock valued at $53,290,000 after purchasing an additional 3,649 shares during the last quarter. First Manhattan Co. bought a new position in shares of Roper Technologies during the 4th quarter valued at about $431,000. Finally, Mountain Pacific Investment Advisers Inc. ID increased its position in shares of Roper Technologies by 0.4% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 104,021 shares of the industrial products company’s stock valued at $26,941,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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