Roper Technologies, Inc. (NYSE:ROP) – Research analysts at Oppenheimer Holdings lowered their Q4 2017 earnings estimates for Roper Technologies in a report released on Monday. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will post earnings per share of $2.60 for the quarter, down from their previous estimate of $2.62. Oppenheimer Holdings currently has a “Outperform” rating and a $275.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Canaccord Genuity restated a “hold” rating and set a $225.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 1st. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Robert W. Baird upped their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average price target of $249.15.

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Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in ROP. LS Investment Advisors LLC grew its stake in Roper Technologies by 6.2% in the 3rd quarter. LS Investment Advisors LLC now owns 8,507 shares of the industrial products company’s stock valued at $2,071,000 after acquiring an additional 499 shares during the last quarter. Wells Fargo & Company MN grew its stake in Roper Technologies by 32.5% in the 2nd quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock valued at $50,197,000 after acquiring an additional 53,202 shares during the last quarter. Parallel Advisors LLC grew its stake in Roper Technologies by 26.8% in the 2nd quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 106 shares during the last quarter. Teachers Advisors LLC grew its stake in Roper Technologies by 8.0% in the 2nd quarter. Teachers Advisors LLC now owns 437,270 shares of the industrial products company’s stock valued at $101,241,000 after acquiring an additional 32,357 shares during the last quarter. Finally, Swiss National Bank grew its stake in Roper Technologies by 3.5% in the 2nd quarter. Swiss National Bank now owns 371,958 shares of the industrial products company’s stock valued at $86,119,000 after acquiring an additional 12,600 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

In other news, Director Wilbur J. Prezzano sold 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $235.80, for a total value of $471,600.00. Following the completion of the transaction, the director now owns 22,000 shares in the company, valued at approximately $5,187,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the transaction, the director now owns 14,038 shares of the company’s stock, valued at approximately $3,643,001.38. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock valued at $3,792,570 in the last quarter. Insiders own 2.50% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued 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 presently 20.32%.

Roper Technologies Company Profile

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

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