Roper Technologies, Inc. (NYSE:ROP) announced its quarterly earnings data on Monday. The industrial products company reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.02, RTT News reports. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Roper Technologies had a net margin of 16.74% and a return on equity of 12.81%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 EPS. Roper Technologies updated its Q3 guidance to $2.24-2.30 EPS.
Shares of Roper Technologies (NYSE:ROP) opened at 232.34 on Monday. The firm has a market cap of $23.71 billion, a P/E ratio of 35.86 and a beta of 1.05. The company’s 50-day moving average is $233.01 and its 200-day moving average is $215.14. Roper Technologies has a 52-week low of $167.50 and a 52-week high of $238.49.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, July 5th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.60%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. BidaskClub lowered shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and set a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Finally, Raymond James Financial, Inc. increased their price objective on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and an average target price of $232.09.
In other Roper Technologies news, Director Christopher Wright sold 1,800 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total transaction of $411,660.00. Following the completion of the sale, the director now directly owns 66,104 shares in the company, valued at approximately $15,117,984.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Motco raised its stake in shares of Roper Technologies by 387.0% in the first quarter. Motco now owns 487 shares of the industrial products company’s stock worth $101,000 after buying an additional 387 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Roper Technologies by 164.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 503 shares of the industrial products company’s stock worth $116,000 after buying an additional 313 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Roper Technologies by 9.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 618 shares of the industrial products company’s stock worth $129,000 after buying an additional 51 shares during the last quarter. Creative Planning raised its stake in shares of Roper Technologies by 7.7% in the first quarter. Creative Planning now owns 716 shares of the industrial products company’s stock worth $148,000 after buying an additional 51 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Roper Technologies by 4.1% in the first quarter. Quadrant Capital Group LLC now owns 732 shares of the industrial products company’s stock worth $147,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.
Roper Technologies Company Profile
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