Roper Technologies, Inc. (NYSE:ROP) – Gabelli boosted their FY2017 earnings per share (EPS) estimates for Roper Technologies in a research note issued on Tuesday. Gabelli analyst J. Garza now forecasts that the industrial products company will post earnings of $9.30 per share for the year, up from their prior estimate of $9.25. Gabelli also issued estimates for Roper Technologies’ FY2018 earnings at $10.15 EPS, FY2019 earnings at $11.30 EPS, FY2020 earnings at $12.05 EPS and FY2021 earnings at $12.95 EPS.

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

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Several other analysts have also recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. raised their price objective on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada raised their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday. Cowen and Company restated a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Roper Technologies has an average rating of “Buy” and a consensus price target of $249.15.

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders 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 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 20.32%.

In other news, Director Christopher Wright sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the sale, the director now directly owns 65,104 shares in the company, valued at $15,234,336. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wilbur J. Prezzano sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total transaction of $471,600.00. Following the completion of the sale, the director now owns 22,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $3,792,570 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in Roper Technologies during the first quarter valued at approximately $362,000. Bank of Nova Scotia grew its position in Roper Technologies by 61.1% during the first quarter. Bank of Nova Scotia now owns 31,362 shares of the industrial products company’s stock valued at $6,476,000 after buying an additional 11,893 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Roper Technologies by 4.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 12,344 shares of the industrial products company’s stock valued at $2,549,000 after buying an additional 474 shares during the period. Independent Portfolio Consultants Inc. grew its position in Roper Technologies by 164.7% during 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 period. Finally, Trust Co grew its position in Roper Technologies by 14.3% during the first quarter. Trust Co now owns 1,282 shares of the industrial products company’s stock valued at $264,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Roper Technologies Company Profile

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

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