Roper Technologies (NYSE:ROP) issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.09, Bloomberg Earnings reports. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the business posted $1.86 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. Roper Technologies updated its Q1 guidance to $2.44-2.50 EPS and its FY18 guidance to $10.88-11.20 EPS.
Shares of Roper Technologies (NYSE:ROP) traded up $2.13 on Friday, hitting $261.53. 637,070 shares of the stock were exchanged, compared to its average volume of 515,401. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The company has a market cap of $26,770.73, a P/E ratio of 27.88, a PEG ratio of 1.91 and a beta of 1.08. Roper Technologies has a 52 week low of $194.03 and a 52 week high of $290.42.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were given a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, January 8th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s dividend payout ratio (DPR) is 17.59%.
ROP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective on the stock in a report on Monday, January 22nd. Royal Bank of Canada raised their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Robert W. Baird raised their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Finally, Wells Fargo & Co set a $310.00 target price on shares of Roper Technologies and gave the company a “buy” rating in a research report on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $285.38.
In other news, Director Robert D. Johnson sold 1,200 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.03, for a total transaction of $312,036.00. Following the completion of the sale, the director now owns 9,700 shares in the company, valued at approximately $2,522,291. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian D. Jellison sold 29,606 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $277.03, for a total transaction of $8,201,750.18. Following the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at approximately $433,490,449.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 439,526 shares of company stock valued at $120,362,826. 2.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of ROP. Harding Loevner LP raised its stake in Roper Technologies by 293.8% in the 3rd quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares in the last quarter. Janus Henderson Group PLC raised its stake in Roper Technologies by 309.5% in the 2nd quarter. Janus Henderson Group PLC now owns 909,777 shares of the industrial products company’s stock worth $210,649,000 after purchasing an additional 687,588 shares in the last quarter. KBC Group NV raised its stake in Roper Technologies by 179.0% in the 3rd quarter. KBC Group NV now owns 192,893 shares of the industrial products company’s stock worth $46,950,000 after purchasing an additional 123,757 shares in the last quarter. First Trust Advisors LP raised its stake in Roper Technologies by 113.6% in the 3rd quarter. First Trust Advisors LP now owns 186,976 shares of the industrial products company’s stock worth $45,510,000 after purchasing an additional 99,432 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Roper Technologies by 1.3% in the 4th quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after purchasing an additional 88,571 shares in the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.
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Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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