Roper Technologies (NASDAQ:ROP) Upgraded at JPMorgan Chase & Co.

Roper Technologies (NASDAQ:ROP) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Monday, Marketbeat.com reports. The firm presently has a $490.00 price objective on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.84% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Raymond James Financial downgraded shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Truist Financial upped their price objective on shares of Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler cut their target price on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Citigroup upped their target price on Roper Technologies from $450.00 to $525.00 and gave the company a “buy” rating in a research report on Friday. Finally, Robert W. Baird set a $480.00 target price on Roper Technologies in a research report on Friday, July 24th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Hold” and a consensus target price of $465.33.

Roper Technologies Price Performance

Shares of NASDAQ ROP opened at $438.14 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. Roper Technologies has a fifty-two week low of $305.96 and a fifty-two week high of $483.36. The firm has a market capitalization of $43.33 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75. The stock’s 50-day simple moving average is $387.86 and its 200-day simple moving average is $364.58.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.10. The firm had revenue of $2.17 billion during the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. Roper Technologies’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 EPS. As a group, equities research analysts forecast that Roper Technologies will post 22.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CX Institutional acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $451,000. Versant Capital Management Inc purchased a new stake in shares of Roper Technologies during the third quarter worth approximately $84,000. Roxbury Financial LLC purchased a new stake in shares of Roper Technologies during the third quarter worth approximately $223,000. Burkett Financial Services LLC acquired a new stake in shares of Roper Technologies during the third quarter worth $55,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of Roper Technologies by 49.8% during the second quarter. Anchor Investment Management LLC now owns 433 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 144 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.