Roper Technologies (ROP) Set to Announce Earnings on Friday

Roper Technologies (NYSE:ROPGet Rating) will release its earnings data before the market opens on Friday, January 27th. Analysts expect Roper Technologies to post earnings of $3.77 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Roper Technologies (NYSE:ROPGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The industrial products company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.44 by $0.23. Roper Technologies had a net margin of 50.95% and a return on equity of 12.25%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company posted $3.91 earnings per share. Roper Technologies’s revenue was up 9.6% compared to the same quarter last year. On average, analysts expect Roper Technologies to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Roper Technologies Trading Up 0.7 %

ROP stock opened at $446.18 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.37 and a current ratio of 1.41. The company’s 50-day simple moving average is $436.22 and its 200 day simple moving average is $413.95. Roper Technologies has a 52 week low of $356.21 and a 52 week high of $488.23. The company has a market capitalization of $47.32 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 23rd. Investors of record on Monday, January 9th were paid a $0.6825 dividend. The ex-dividend date of this dividend was Friday, January 6th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.62. This represents a $2.73 annualized dividend and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio is 10.03%.

Insider Activity

In related news, Director Richard F. Wallman purchased 1,000 shares of Roper Technologies stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $390.00 per share, for a total transaction of $390,000.00. Following the purchase, the director now owns 46,409 shares in the company, valued at approximately $18,099,510. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Laurence Neil Hunn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total value of $2,217,850.00. Following the completion of the transaction, the chief executive officer now owns 112,048 shares in the company, valued at approximately $49,701,131.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average price of $390.00 per share, with a total value of $390,000.00. Following the acquisition, the director now owns 46,409 shares in the company, valued at $18,099,510. The disclosure for this purchase can be found here. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ROP. Durable Capital Partners LP raised its holdings in Roper Technologies by 51.3% in the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after buying an additional 473,168 shares during the last quarter. Prudential Financial Inc. raised its holdings in Roper Technologies by 143.5% during the 1st quarter. Prudential Financial Inc. now owns 266,290 shares of the industrial products company’s stock worth $125,750,000 after purchasing an additional 156,910 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Roper Technologies by 33.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 322,407 shares of the industrial products company’s stock worth $127,237,000 after purchasing an additional 81,297 shares during the last quarter. Northern Trust Corp raised its holdings in Roper Technologies by 4.8% during the 1st quarter. Northern Trust Corp now owns 1,126,576 shares of the industrial products company’s stock worth $532,003,000 after purchasing an additional 51,741 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Roper Technologies by 116.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 79,819 shares of the industrial products company’s stock worth $37,693,000 after purchasing an additional 43,027 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ROP. StockNews.com started coverage on shares of Roper Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group increased their price objective on shares of Roper Technologies from $423.00 to $468.00 and gave the stock a “neutral” rating in a research note on Thursday, December 15th. Wells Fargo & Company increased their price objective on shares of Roper Technologies from $500.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. Finally, Barclays increased their price objective on shares of Roper Technologies from $500.00 to $510.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $495.43.

About Roper Technologies

(Get Rating)

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

Further Reading

Earnings History for Roper Technologies (NYSE:ROP)

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