Roper Technologies (NYSE:ROP) posted its quarterly earnings data on Friday. The industrial products company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.12, Bloomberg Earnings reports. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 earnings per share. Roper Technologies updated its Q2 guidance to $2.65-2.71 EPS and its FY18 guidance to $11.08-11.32 EPS.
NYSE ROP opened at $282.14 on Friday. Roper Technologies has a twelve month low of $208.54 and a twelve month high of $292.97. The stock has a market cap of $29,011.33, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.04. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be given a dividend of $0.4125 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.65 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
In related news, CEO Brian D. Jellison sold 29,606 shares of the 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 transaction, the chief executive officer now directly owns 1,564,778 shares in the company, valued at $433,490,449.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $283.99, for a total value of $141,995.00. The disclosure for this sale can be found here. Insiders have sold 247,017 shares of company stock worth $68,480,103 over the last quarter. 2.50% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. raised its holdings in shares of Roper Technologies by 14.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 1,642 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 202 shares during the period. Scotia Capital Inc. raised its holdings in shares of Roper Technologies by 13.5% in the 4th quarter. Scotia Capital Inc. now owns 1,703 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 202 shares during the period. Neumann Capital Management LLC raised its holdings in shares of Roper Technologies by 6.5% in the 4th quarter. Neumann Capital Management LLC now owns 3,430 shares of the industrial products company’s stock worth $888,000 after purchasing an additional 210 shares during the period. Cetera Investment Advisers raised its holdings in shares of Roper Technologies by 9.3% in the 4th quarter. Cetera Investment Advisers now owns 2,625 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 224 shares during the period. Finally, Everence Capital Management Inc. raised its holdings in shares of Roper Technologies by 6.2% in the 4th quarter. Everence Capital Management Inc. now owns 3,929 shares of the industrial products company’s stock worth $1,018,000 after purchasing an additional 228 shares during the period. Institutional investors own 94.34% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research raised Roper Technologies from a “hold” rating to a “buy” rating and set a $309.00 price objective on the stock in a research note on Monday, January 22nd. ValuEngine raised Roper Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Citigroup reaffirmed an “outperform” rating and set a $335.00 price objective (up previously from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Canaccord Genuity increased their price objective on Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $330.00 target price on shares of Roper Technologies in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $297.83.
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Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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