Roper Technologies (ROP) Scheduled to Post Quarterly Earnings on Friday

Roper Technologies (NYSE:ROP) will issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $4.34 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $3.92 EPS. The company’s revenue was up 12.7% on a year-over-year basis. On average, analysts expect Roper Technologies to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $527.27 on Friday. Roper Technologies has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company’s fifty day moving average price is $545.95 and its 200 day moving average price is $531.40. The company has a market capitalization of $56.43 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s payout ratio is presently 23.27%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROP. Oppenheimer lifted their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Mizuho boosted their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Raymond James increased their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research report on Thursday, January 4th. Finally, Royal Bank of Canada raised their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ROP. Vanguard Group Inc. raised its position in Roper Technologies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 9,946,641 shares of the industrial products company’s stock valued at $5,422,610,000 after purchasing an additional 164,486 shares in the last quarter. State Street Corp increased its position in Roper Technologies by 1.6% during the first quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock worth $1,892,695,000 after buying an additional 68,038 shares during the period. Morgan Stanley boosted its holdings in shares of Roper Technologies by 2.9% in the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock valued at $1,473,416,000 after acquiring an additional 95,728 shares during the period. Geode Capital Management LLC raised its position in Roper Technologies by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock valued at $873,554,000 after purchasing an additional 135,524 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in Roper Technologies by 68,873.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock valued at $745,065,000 after purchasing an additional 1,721,828 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.