Roper Technologies (NYSE:ROP) Given New $558.00 Price Target at JPMorgan Chase & Co.

Roper Technologies (NYSE:ROP) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $539.00 to $558.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 2.21% from the company’s current price.

A number of other equities analysts have also commented on the stock. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $535.00 to $615.00 in a research report on Tuesday. Oppenheimer started coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price for the company. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $616.80.

Roper Technologies Stock Up 5.1 %

Shares of ROP opened at $570.60 on Friday. The firm has a market capitalization of $61.19 billion, a P/E ratio of 41.74, a P/E/G ratio of 2.60 and a beta of 1.04. Roper Technologies has a 12-month low of $499.47 and a 12-month high of $584.31. The firm has a fifty day moving average price of $535.28 and a 200-day moving average price of $544.69. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Roper Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in Roper Technologies by 70.3% during the 2nd quarter. NewEdge Advisors LLC now owns 3,836 shares of the industrial products company’s stock valued at $2,162,000 after purchasing an additional 1,584 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Roper Technologies by 15.9% in the second quarter. EP Wealth Advisors LLC now owns 570 shares of the industrial products company’s stock valued at $321,000 after buying an additional 78 shares during the last quarter. Truist Financial Corp increased its holdings in Roper Technologies by 2.4% in the 2nd quarter. Truist Financial Corp now owns 9,986 shares of the industrial products company’s stock worth $5,629,000 after buying an additional 238 shares during the period. Cetera Investment Advisers raised its position in Roper Technologies by 4.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,178 shares of the industrial products company’s stock worth $11,937,000 after buying an additional 838 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at approximately $2,576,000. 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.