Analysts expect Roper Technologies Inc (NYSE:ROP) to announce earnings per share of $3.13 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Roper Technologies’ earnings. The highest EPS estimate is $3.14 and the lowest is $3.11. Roper Technologies posted earnings per share of $2.70 in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.9%. The business is expected to issue its next quarterly earnings report on Friday, February 1st.
On average, analysts expect that Roper Technologies will report full-year earnings of $11.72 per share for the current year, with EPS estimates ranging from $11.70 to $11.73. For the next year, analysts forecast that the business will post earnings of $12.20 per share, with EPS estimates ranging from $11.95 to $12.90. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.15. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Roper Technologies had a net margin of 22.44% and a return on equity of 16.30%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.36 EPS.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Roper Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. cut shares of Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 target price on the stock. in a research report on Friday, September 21st. Barclays decreased their target price on shares of Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. Finally, Stephens assumed coverage on shares of Roper Technologies in a research report on Monday, November 19th. They set an “overweight” rating and a $333.00 target price on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $319.08.
Shares of NYSE ROP traded down $2.40 during mid-day trading on Friday, hitting $284.82. 756,659 shares of the company’s stock traded hands, compared to its average volume of 386,044. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $29.71 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.99 and a beta of 1.15. Roper Technologies has a 1 year low of $252.23 and a 1 year high of $312.65.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 0.65%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Tuesday, January 8th. Roper Technologies’s dividend payout ratio is presently 17.52%.
In related news, Director Robert E. Knowling, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $286.07, for a total transaction of $286,070.00. Following the transaction, the director now directly owns 13,038 shares in the company, valued at approximately $3,729,780.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average price of $312.35 per share, for a total transaction of $156,175.00. Following the completion of the acquisition, the director now directly owns 52,965 shares in the company, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. Insiders have sold a total of 2,350 shares of company stock worth $689,375 over the last quarter. 2.30% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of ROP. Cornerstone Wealth Management LLC bought a new position in Roper Technologies in the 2nd quarter worth about $113,000. Creative Planning grew its stake in Roper Technologies by 28.8% in the 2nd quarter. Creative Planning now owns 1,229 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 275 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Roper Technologies by 8.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,428 shares of the industrial products company’s stock worth $1,774,000 after acquiring an additional 477 shares in the last quarter. Bessemer Group Inc. grew its stake in Roper Technologies by 14.2% in the 2nd quarter. Bessemer Group Inc. now owns 3,028 shares of the industrial products company’s stock worth $836,000 after acquiring an additional 377 shares in the last quarter. Finally, Piedmont Investment Advisors LLC grew its stake in Roper Technologies by 47.0% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,674 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 855 shares in the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.
About Roper Technologies
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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