Wall Street analysts predict that Roper Technologies (NYSE:ROP) will announce earnings of $2.70 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Roper Technologies’ earnings. The lowest EPS estimate is $2.68 and the highest is $2.70. Roper Technologies posted earnings of $2.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.5%. The firm is expected to announce its next earnings results on Monday, July 30th.
According to Zacks, analysts expect that Roper Technologies will report full-year earnings of $11.15 per share for the current year, with EPS estimates ranging from $10.91 to $11.32. For the next fiscal year, analysts anticipate that the business will post earnings of $12.08 per share, with EPS estimates ranging from $11.75 to $12.75. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Roper Technologies.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 20th. The industrial products company reported $2.61 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.12. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Roper Technologies had a net margin of 21.70% and a return on equity of 15.41%. Roper Technologies’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.11 EPS.
A number of brokerages recently commented on ROP. Robert W. Baird restated a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Citigroup restated an “outperform” rating and set a $335.00 price target (up from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Cowen restated a “buy” rating and set a $310.00 price target on shares of Roper Technologies in a research note on Tuesday, March 6th. Barclays initiated coverage on shares of Roper Technologies in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 target price on the stock. Finally, Zacks Investment Research cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and a consensus price target of $303.75.
Shares of ROP stock traded up $1.97 during trading on Wednesday, reaching $267.82. 822,397 shares of the company’s stock traded hands, compared to its average volume of 486,226. The stock has a market capitalization of $28,492.19, a P/E ratio of 28.43, a PEG ratio of 2.00 and a beta of 1.04. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Roper Technologies has a 1 year low of $214.98 and a 1 year high of $292.97.
The company also recently announced a quarterly dividend, which was paid on Monday, April 23rd. Shareholders of record on Monday, April 9th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, April 6th. Roper Technologies’s dividend payout ratio is presently 17.52%.
In related news, Director Richard F. Wallman acquired 500 shares of the stock in a transaction dated Monday, March 12th. The shares were purchased at an average price of $282.59 per share, for a total transaction of $141,295.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian D. Jellison sold 215,411 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the sale, the chief executive officer now owns 1,564,778 shares in the company, valued at approximately $433,787,757.16. The disclosure for this sale can be found here. Insiders sold a total of 217,411 shares of company stock worth $60,278,352 over the last quarter. Corporate insiders own 2.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its holdings in Roper Technologies by 287.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 356,866 shares of the industrial products company’s stock worth $92,426,000 after acquiring an additional 264,845 shares during the last quarter. Millennium Management LLC grew its holdings in Roper Technologies by 159.2% in the 4th quarter. Millennium Management LLC now owns 279,216 shares of the industrial products company’s stock worth $72,317,000 after acquiring an additional 171,486 shares during the last quarter. BlackRock Inc. grew its holdings in Roper Technologies by 1.3% in the 4th quarter. BlackRock Inc. now owns 7,008,681 shares of the industrial products company’s stock worth $1,815,250,000 after acquiring an additional 88,571 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Roper Technologies by 34.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 314,753 shares of the industrial products company’s stock worth $81,522,000 after acquiring an additional 80,905 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Roper Technologies by 799.5% in the 4th quarter. William Blair Investment Management LLC now owns 88,743 shares of the industrial products company’s stock worth $22,984,000 after acquiring an additional 78,877 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
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About Roper Technologies
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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