Roper Technologies, Inc. (NYSE:ROP) was upgraded by investment analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday, Marketbeat.com reports. The firm presently has a $275.00 target price on the industrial products company’s stock, up from their prior target price of $223.00. J P Morgan Chase & Co’s price objective would suggest a potential upside of 11.69% from the company’s current price.

A number of other equities analysts have also weighed in on ROP. Oppenheimer Holdings, Inc. upped their target price on Roper Technologies from $250.00 to $257.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price objective for the company in a report on Tuesday, August 1st. BidaskClub cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued a $225.00 price objective on shares of Roper Technologies in a report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. upped their price objective on Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $243.08.

Roper Technologies (NYSE ROP) traded up 3.19% during mid-day trading on Wednesday, reaching $246.22. The company had a trading volume of 801,725 shares. The stock has a market capitalization of $25.17 billion, a P/E ratio of 36.86 and a beta of 1.05. The stock has a 50 day moving average price of $233.00 and a 200-day moving average price of $224.52. Roper Technologies has a 12-month low of $167.50 and a 12-month high of $247.30.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.02. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. Equities analysts anticipate that Roper Technologies will post $9.28 EPS for the current fiscal year.

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In other Roper Technologies news, Director Robert D. Johnson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the completion of the sale, the director now owns 10,900 shares in the company, valued at approximately $2,561,173. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher Wright sold 500 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total value of $118,520.00. Following the completion of the transaction, the director now directly owns 64,604 shares of the company’s stock, valued at approximately $15,313,732.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,500 shares of company stock valued at $1,529,530. Company insiders own 2.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Roper Technologies by 0.4% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,419 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 5 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Roper Technologies by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,580 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 23 shares in the last quarter. Bellwether Investment Group LLC raised its position in shares of Roper Technologies by 1.2% in the 2nd quarter. Bellwether Investment Group LLC now owns 2,122 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 26 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Roper Technologies by 1.8% in the 2nd quarter. Scotia Capital Inc. now owns 1,744 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 30 shares in the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of Roper Technologies by 1.4% in the 1st quarter. Cleararc Capital Inc. now owns 2,497 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 35 shares in the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.

About Roper Technologies

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