Wall Street analysts predict that Roper Technologies, Inc. (NYSE:ROP) will report earnings per share (EPS) of $2.29 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Roper Technologies’ earnings. The highest EPS estimate is $2.30 and the lowest is $2.28. Roper Technologies posted earnings of $1.65 per share during the same quarter last year, which suggests a positive year over year growth rate of 38.8%. The company is expected to announce its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that Roper Technologies will report full-year earnings of $9.26 per share for the current financial year, with EPS estimates ranging from $9.20 to $9.31. For the next financial year, analysts forecast that the business will post earnings of $10.04 per share, with EPS estimates ranging from $9.80 to $10.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Roper Technologies.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 earnings per share.

Several equities research analysts recently issued reports on ROP shares. Raymond James Financial, Inc. increased their target price on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 target price for the company in a report on Tuesday, August 1st. BidaskClub lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a report on Friday, July 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $238.42.

Shares of Roper Technologies (NYSE ROP) opened at 228.20 on Friday. The stock has a market cap of $23.33 billion, a P/E ratio of 34.17 and a beta of 1.04. Roper Technologies has a one year low of $167.50 and a one year high of $238.49. The stock has a 50 day moving average of $234.02 and a 200 day moving average of $219.82.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.35 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 annualized dividend and a yield of 0.61%. Roper Technologies’s payout ratio is 20.96%.

In other Roper Technologies news, Director Christopher Wright sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the transaction, the director now directly owns 65,104 shares in the company, valued at approximately $15,234,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total value of $469,940.00. Following the completion of the transaction, the director now owns 10,900 shares of the company’s stock, valued at $2,561,173. The disclosure for this sale can be found here. Insiders sold a total of 6,800 shares of company stock valued at $1,587,200 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. increased its position in Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock valued at $116,000 after buying an additional 313 shares during the last quarter. Parallel Advisors LLC increased its position in Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after buying an additional 106 shares during the last quarter. Private Advisor Group LLC acquired a new position in Roper Technologies during the first quarter valued at $118,000. Northwestern Mutual Wealth Management Co. increased its position in Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock valued at $129,000 after buying an additional 51 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

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Earnings History and Estimates for Roper Technologies (NYSE:ROP)

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