Gabelli Analysts Raise Earnings Estimates for Roper Technologies Inc (ROP)

Roper Technologies Inc (NYSE:ROP) – Analysts at Gabelli boosted their FY2018 earnings per share (EPS) estimates for shares of Roper Technologies in a research note issued to investors on Monday. Gabelli analyst J. Garza now forecasts that the industrial products company will post earnings per share of $11.20 for the year, up from their previous forecast of $10.15. Gabelli also issued estimates for Roper Technologies’ FY2019 earnings at $12.70 EPS, FY2020 earnings at $13.60 EPS and FY2021 earnings at $14.70 EPS.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.09. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year.

Several other research analysts have also issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $330.00 target price on shares of Roper Technologies in a research report on Monday. Canaccord Genuity upped their target price on shares of Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday. Robert W. Baird reiterated a “hold” rating on shares of Roper Technologies in a research report on Monday. Royal Bank of Canada upped their price target on shares of Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Citigroup restated an “outperform” rating and set a $335.00 price target (up from $275.00) on shares of Roper Technologies in a research report on Monday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $285.38.

Shares of Roper Technologies (NYSE:ROP) traded down $0.29 during trading hours on Wednesday, reaching $268.50. 56,391 shares of the company traded hands, compared to its average volume of 448,352. Roper Technologies has a one year low of $191.22 and a one year high of $290.42. The stock has a market capitalization of $27,305.12, a price-to-earnings ratio of 28.66, a PEG ratio of 1.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.77.

Several large investors have recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of Roper Technologies by 2.6% during the fourth quarter. California Public Employees Retirement System now owns 253,798 shares of the industrial products company’s stock valued at $65,734,000 after acquiring an additional 6,511 shares during the last quarter. Boston Family Office LLC raised its stake in shares of Roper Technologies by 6.3% during the fourth quarter. Boston Family Office LLC now owns 28,522 shares of the industrial products company’s stock valued at $7,387,000 after acquiring an additional 1,682 shares during the last quarter. Price Capital Management Inc. bought a new position in shares of Roper Technologies during the fourth quarter valued at about $598,000. Mendel Money Management bought a new position in shares of Roper Technologies during the fourth quarter valued at about $3,713,000. Finally, Novare Capital Management LLC bought a new position in shares of Roper Technologies during the fourth quarter valued at about $4,296,000. 93.36% of the stock is owned by hedge funds and other institutional investors.

In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the completion of the sale, the chief executive officer now directly owns 1,448,575 shares in the company, valued at $376,093,527.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Johnson sold 1,200 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.03, for a total transaction of $312,036.00. Following the sale, the director now owns 9,700 shares of the company’s stock, valued at $2,522,291. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 439,526 shares of company stock valued at $120,362,826. Company insiders own 2.50% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.61%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, January 8th. Roper Technologies’s dividend payout ratio is presently 17.59%.

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Roper Technologies Company Profile

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

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

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