Roper Technologies, Inc. (ROP) Updates Q4 Earnings Guidance
Roper Technologies, Inc. (NYSE:ROP) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $2.56-2.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.63.
Several research firms have weighed in on ROP. BidaskClub cut Roper Technologies from a strong-buy rating to a buy rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. raised their price target on Roper Technologies from $250.00 to $257.00 and gave the company an outperform rating in a report on Tuesday, August 1st. J P Morgan Chase & Co raised Roper Technologies from a neutral rating to an overweight rating and raised their price target for the company from $223.00 to $275.00 in a report on Wednesday, September 20th. Canaccord Genuity reaffirmed a hold rating and issued a $225.00 price target on shares of Roper Technologies in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $248.00 price target on shares of Roper Technologies in a report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Roper Technologies presently has an average rating of Buy and an average price target of $244.17.
Roper Technologies, Inc. (NYSE ROP) opened at 257.57 on Monday. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 38.56 and a beta of 1.04. Roper Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $257.82. The stock’s 50 day moving average price is $246.98 and its 200 day moving average price is $232.46.
Roper Technologies (NYSE:ROP) last posted its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post $9.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a $0.35 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio is currently 20.96%.
In other Roper Technologies news, Director Laura G. Thatcher sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at $2,590,170. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the sale, the vice president now owns 14,571 shares in the company, valued at $3,569,895. The disclosure for this sale can be found here. Insiders sold 11,500 shares of company stock worth $2,754,530 over the last quarter. 2.50% of the stock is owned by company insiders.
Roper Technologies Company Profile
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