Wall Street brokerages expect Roper Technologies Inc (NYSE:ROP) to post sales of $1.23 billion for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Roper Technologies’ earnings, with estimates ranging from $1.18 billion to $1.26 billion. Roper Technologies reported sales of $1.01 billion in the same quarter last year, which indicates a positive year over year growth rate of 21.8%. The company is expected to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Roper Technologies will report full year sales of $1.23 billion for the current year, with estimates ranging from $4.61 billion to $4.69 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.90 billion per share, with estimates ranging from $4.87 billion to $4.96 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Roper Technologies.

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

ROP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research report on Monday, October 2nd. Robert W. Baird raised their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. J P Morgan Chase & Co upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, Royal Bank of Canada raised their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $253.67.

In other Roper Technologies news, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $260.03, for a total transaction of $312,036.00. Following the transaction, the director now owns 9,700 shares of the company’s stock, valued at $2,522,291. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jason Conley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the transaction, the vice president now directly owns 14,571 shares in the company, valued at approximately $3,569,895. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,450 shares of company stock worth $2,875,206. 2.50% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock valued at $2,513,543,000 after acquiring an additional 354,064 shares during the period. Harding Loevner LP raised its stake in shares of Roper Technologies by 293.8% in the 3rd quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock valued at $358,642,000 after acquiring an additional 4,420,649 shares during the period. Principal Financial Group Inc. raised its stake in shares of Roper Technologies by 3.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock valued at $450,277,000 after acquiring an additional 57,035 shares during the period. American Century Companies Inc. raised its stake in shares of Roper Technologies by 0.8% in the 3rd quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock valued at $314,666,000 after acquiring an additional 10,548 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Roper Technologies by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock valued at $253,887,000 after acquiring an additional 5,279 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Roper Technologies (ROP) opened at $256.46 on Tuesday. Roper Technologies has a 1 year low of $182.03 and a 1 year high of $267.83. The stock has a market cap of $26,250.00, a P/E ratio of 30.41, a P/E/G ratio of 2.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.07.

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

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