Roper Technologies, Inc. (ROP) Stock Rating Upgraded by J P Morgan Chase & Co

Roper Technologies, Inc. (NYSE:ROP) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a $275.00 price target on the industrial products company’s stock, up from their previous price target of $223.00. J P Morgan Chase & Co’s target price suggests a potential upside of 15.26% from the company’s previous close.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. boosted their target price on Roper Technologies from $250.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $225.00 target price on shares of Roper Technologies in a research report on Tuesday, August 1st. BidaskClub lowered Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Roper Technologies has an average rating of “Buy” and a consensus price target of $238.42.

Shares of Roper Technologies (NYSE ROP) traded up 3.070% during midday trading on Wednesday, hitting $245.925. The company’s stock had a trading volume of 550,322 shares. The company has a 50-day moving average price of $233.00 and a 200 day moving average price of $224.52. The company has a market cap of $25.14 billion, a P/E ratio of 36.821 and a beta of 1.05. Roper Technologies has a 1-year low of $167.50 and a 1-year high of $247.26.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies will post $9.28 EPS for the current year.

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In other Roper Technologies news, Director Christopher Wright sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the completion of the sale, the director now directly owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilbur J. Prezzano sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now directly owns 22,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock valued at $1,529,530 over the last three months. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after buying an additional 354,064 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Roper Technologies by 2,678.8% in the 1st quarter. BlackRock Inc. now owns 7,976,924 shares of the industrial products company’s stock worth $1,647,156,000 after buying an additional 7,689,856 shares during the last quarter. State Street Corp boosted its stake in shares of Roper Technologies by 4.6% in the 1st quarter. State Street Corp now owns 4,625,791 shares of the industrial products company’s stock worth $955,175,000 after buying an additional 203,844 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after buying an additional 57,035 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Roper Technologies by 25.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 1,442,293 shares of the industrial products company’s stock worth $297,819,000 after buying an additional 291,418 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Roper Technologies Company Profile

Analyst Recommendations for Roper Technologies (NYSE:ROP)

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