JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Roper Technologies (NYSE:ROP) Stock

Roper Technologies (NYSE:ROP) had its target price upped by investment analysts at JPMorgan Chase & Co. from $539.00 to $558.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 3.07% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $622.30.

Roper Technologies Trading Up 0.9 %

NYSE:ROP opened at $575.65 on Friday. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $584.31. The stock’s fifty day moving average price is $535.93 and its two-hundred day moving average price is $544.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market cap of $61.73 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.60 and a beta of 1.04.

Hedge Funds Weigh In On Roper Technologies

A number of large investors have recently modified their holdings of ROP. Fortitude Family Office LLC bought a new position in Roper Technologies during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. raised its position in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the period. Central Pacific Bank Trust Division lifted its stake in Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Roper Technologies during the fourth quarter valued at about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Roper Technologies during the fourth quarter valued at about $49,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

About Roper Technologies

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.