Wall Street analysts forecast that Roper Technologies Inc (NYSE:ROP) will announce sales of $1.35 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Roper Technologies’ earnings, with estimates ranging from $1.34 billion to $1.36 billion. Roper Technologies posted sales of $1.23 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The firm is scheduled to issue its next quarterly earnings results on Friday, February 1st.
On average, analysts expect that Roper Technologies will report full-year sales of $5.17 billion for the current fiscal year, with estimates ranging from $5.16 billion to $5.18 billion. For the next financial year, analysts expect that the firm will post sales of $5.32 billion, with estimates ranging from $5.30 billion to $5.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Roper Technologies.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, October 26th. The industrial products company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.15. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Roper Technologies had a return on equity of 16.30% and a net margin of 22.44%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.36 EPS.
ROP has been the subject of a number of research analyst reports. Stephens initiated coverage on Roper Technologies in a research report on Monday, November 19th. They issued an “overweight” rating and a $333.00 target price for the company. Barclays decreased their target price on Roper Technologies from $306.00 to $299.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. JPMorgan Chase & Co. cut Roper Technologies from an “overweight” rating to a “neutral” rating and set a $305.00 target price for the company. in a research report on Friday, September 21st. Finally, Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and a consensus target price of $319.08.
Shares of NYSE ROP opened at $297.59 on Monday. The stock has a market capitalization of $30.78 billion, a P/E ratio of 31.59, a PEG ratio of 2.06 and a beta of 1.14. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. Roper Technologies has a 52-week low of $252.23 and a 52-week high of $312.65.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 0.62%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, January 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 17.52%.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 1,000 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $286.07, for a total transaction of $286,070.00. Following the completion of the sale, the director now directly owns 13,038 shares of the company’s stock, valued at approximately $3,729,780.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman acquired 500 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were bought at an average cost of $312.35 per share, with a total value of $156,175.00. Following the completion of the transaction, the director now directly owns 52,965 shares in the company, valued at approximately $16,543,617.75. The disclosure for this purchase can be found here. Insiders have sold a total of 2,350 shares of company stock valued at $686,758 over the last ninety days. 2.30% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of ROP. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Roper Technologies by 3.4% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,126 shares of the industrial products company’s stock worth $1,518,000 after buying an additional 170 shares in the last quarter. Neuburgh Advisers LLC raised its stake in shares of Roper Technologies by 10.9% during the 2nd quarter. Neuburgh Advisers LLC now owns 1,792 shares of the industrial products company’s stock worth $494,000 after buying an additional 176 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Roper Technologies by 16.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 1,273 shares of the industrial products company’s stock worth $377,000 after buying an additional 176 shares in the last quarter. HL Financial Services LLC raised its stake in shares of Roper Technologies by 15.8% during the 2nd quarter. HL Financial Services LLC now owns 1,359 shares of the industrial products company’s stock worth $375,000 after buying an additional 185 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Roper Technologies by 17.8% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 1,247 shares of the industrial products company’s stock worth $369,000 after buying an additional 188 shares in the last quarter. 91.90% of the stock is owned by institutional investors.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.
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