Roper Technologies, Inc. (NYSE:ROP) announced its quarterly earnings results on Monday. The industrial products company reported $2.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.06, Bloomberg Earnings reports. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. Roper Technologies updated its Q4 guidance to $2.56-2.62 EPS.
Roper Technologies (ROP) opened at 257.05 on Tuesday. The company’s 50-day moving average is $247.61 and its 200-day moving average is $233.22. Roper Technologies has a one year low of $169.42 and a one year high of $258.81. The firm has a market capitalization of $26.28 billion, a P/E ratio of 38.49 and a beta of 1.04.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s payout ratio is 20.96%.
A number of research analysts have weighed in on ROP shares. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 price target on the stock in a research note on Tuesday, July 4th. Raymond James Financial, Inc. lifted their price objective on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 price objective on shares of Roper Technologies in a report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $244.17.
In other Roper Technologies news, Director Robert D. Johnson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $234.97, for a total transaction of $469,940.00. Following the transaction, the director now directly owns 10,900 shares in the company, valued at approximately $2,561,173. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher Wright sold 500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $237.04, for a total value of $118,520.00. Following the transaction, the director now owns 64,604 shares in the company, valued at $15,313,732.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,500 shares of company stock worth $2,754,530. Company insiders own 2.50% of the company’s stock.
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