Roper Technologies (NASDAQ:ROP) Receives “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Roper Technologies (NASDAQ:ROP) in a research note published on Wednesday, MarketBeat.com reports. The brokerage currently has a $541.00 price objective on the industrial products company’s stock, down from their prior price objective of $577.00.

Other analysts also recently issued reports about the stock. Barclays decreased their price objective on shares of Roper Technologies from $562.00 to $550.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Truist Financial increased their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Roper Technologies in a report on Wednesday, October 8th. Citigroup started coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a “buy” rating and a $626.00 price target for the company. Finally, Royal Bank Of Canada increased their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $632.00.

Roper Technologies Price Performance

NASDAQ ROP opened at $499.73 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $516.65 and a 200 day simple moving average of $546.20. The company has a market cap of $53.78 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.41 and a beta of 1.00. Roper Technologies has a 1 year low of $492.25 and a 1 year high of $595.17.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $4.81 earnings per share (EPS) for the quarter. The business had revenue of $1.88 billion during the quarter. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. On average, sell-side analysts predict that Roper Technologies will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a $0.825 dividend. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies’s dividend payout ratio is currently 23.19%.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the sale, the director owned 20,510 shares of the company’s stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds have recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $203,000. GAMMA Investing LLC increased its position in Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after acquiring an additional 819 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Roper Technologies by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock valued at $1,808,000 after acquiring an additional 30 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Roper Technologies by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the industrial products company’s stock valued at $10,311,000 after acquiring an additional 311 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in Roper Technologies by 6.3% in the 1st quarter. Ritholtz Wealth Management now owns 555 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

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.