Roper Technologies Inc (NYSE:ROP) – Oppenheimer upped their Q1 2018 earnings per share estimates for shares of Roper Technologies in a research report issued to clients and investors on Sunday. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will post earnings per share of $2.48 for the quarter, up from their previous estimate of $2.23. Oppenheimer currently has a “Outperform” rating and a $275.00 target price on the stock. Oppenheimer also issued estimates for Roper Technologies’ Q2 2018 earnings at $2.67 EPS, Q3 2018 earnings at $2.82 EPS, Q4 2018 earnings at $3.08 EPS and FY2019 earnings at $12.00 EPS.
Several other brokerages have also recently commented on ROP. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. 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. Robert W. Baird upped 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. Royal Bank of Canada upped their target price on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday. 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $285.38.
Shares of Roper Technologies (NYSE:ROP) opened at $266.75 on Tuesday. The company has a market cap of $29,193.70, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08. Roper Technologies has a 1 year low of $191.22 and a 1 year high of $290.42. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63.
Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, February 2nd. The industrial products company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.61 by $0.09. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Roper Technologies by 4.3% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,246 shares of the industrial products company’s stock worth $4,520,000 after purchasing an additional 717 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Roper Technologies by 10.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 20,538 shares of the industrial products company’s stock worth $5,319,000 after purchasing an additional 1,924 shares during the period. Stephens Investment Management Group LLC boosted its stake in Roper Technologies by 3.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 11,801 shares of the industrial products company’s stock worth $3,056,000 after purchasing an additional 348 shares during the period. Alps Advisors Inc. acquired a new position in Roper Technologies in the 4th quarter worth $211,000. Finally, Neumann Capital Management LLC boosted its stake in 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. 93.36% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert D. Johnson sold 1,200 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $260.03, for a total value of $312,036.00. Following the completion of the transaction, the director now directly owns 9,700 shares of the company’s stock, valued at approximately $2,522,291. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian D. Jellison sold 74,589 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $277.02, for a total transaction of $20,662,644.78. Following the completion of the transaction, the chief executive officer now directly owns 1,459,892 shares of the company’s stock, valued at $404,419,281.84. The disclosure for this sale can be found here. Insiders sold a total of 439,526 shares of company stock valued at $120,362,826 in the last three months. 2.50% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a $0.4125 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, January 8th. This represents a $1.65 annualized dividend and a dividend yield of 0.62%. Roper Technologies’s payout ratio is 17.59%.
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About Roper Technologies
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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