Roper Technologies, Inc. (NYSE:ROP) announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.02, RTT News reports. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. Roper Technologies updated its Q3 guidance to $2.24-2.30 EPS.
Roper Technologies (NYSE ROP) opened at 228.20 on Friday. Roper Technologies has a 12 month low of $167.50 and a 12 month high of $238.49. The company’s 50-day moving average is $234.02 and its 200-day moving average is $219.82. The company has a market cap of $23.33 billion, a P/E ratio of 34.17 and a beta of 1.04.
The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.61%. Roper Technologies’s dividend payout ratio (DPR) is 20.96%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. BidaskClub cut 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 target on shares of Roper Technologies in a report on Friday, July 7th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $225.00 price target on shares of Roper Technologies in a report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $238.42.
In related news, Director Christopher Wright sold 1,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $234.00, for a total value of $234,000.00. Following the completion of the transaction, the director now directly owns 65,104 shares in the company, valued at approximately $15,234,336. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $234.97, for a total transaction of $469,940.00. Following the completion of the transaction, the director now owns 10,900 shares of the company’s stock, valued at $2,561,173. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,800 shares of company stock valued at $1,587,200. Company insiders own 2.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of ROP. Morgan Stanley boosted its position in Roper Technologies by 62.8% in the first quarter. Morgan Stanley now owns 279,450 shares of the industrial products company’s stock valued at $57,704,000 after buying an additional 107,785 shares in the last quarter. Prudential Financial Inc. boosted its position in Roper Technologies by 0.9% in the first quarter. Prudential Financial Inc. now owns 143,826 shares of the industrial products company’s stock valued at $29,698,000 after buying an additional 1,259 shares in the last quarter. Meiji Yasuda Life Insurance Co purchased a new position in Roper Technologies during the first quarter valued at about $1,156,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Roper Technologies by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,296 shares of the industrial products company’s stock valued at $3,365,000 after buying an additional 601 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Roper Technologies by 4.8% in the first quarter. Vanguard Group Inc. now owns 10,502,167 shares of the industrial products company’s stock valued at $2,168,593,000 after buying an additional 479,056 shares in the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.
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About Roper Technologies
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