Roper Technologies (ROP) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Roper Technologies (NYSE:ROP) issued its quarterly earnings data on Friday. The industrial products company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.09, Bloomberg Earnings reports. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The company’s revenue was up 21.2% on a year-over-year basis. Roper Technologies updated its Q1 guidance to $2.44-2.50 EPS and its FY18 guidance to $10.88-11.20 EPS.

Roper Technologies (ROP) opened at $285.20 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. Roper Technologies has a 52-week low of $191.22 and a 52-week high of $290.42. The stock has a market cap of $29,190.00, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s dividend payout ratio is currently 17.59%.

In other Roper Technologies news, CEO Brian D. Jellison sold 29,606 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $277.03, for a total transaction of $8,201,750.18. Following the transaction, the chief executive officer now directly owns 1,564,778 shares in the company, valued at approximately $433,490,449.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian D. Jellison sold 215,411 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,564,778 shares in the company, valued at $433,787,757.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 439,526 shares of company stock worth $120,362,826. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its position in Roper Technologies by 6.2% during the 3rd quarter. LS Investment Advisors LLC now owns 8,507 shares of the industrial products company’s stock valued at $2,071,000 after purchasing an additional 499 shares during the period. California Public Employees Retirement System lifted its position in Roper Technologies by 5.1% during the 3rd quarter. California Public Employees Retirement System now owns 247,287 shares of the industrial products company’s stock valued at $60,190,000 after purchasing an additional 12,087 shares during the period. Great West Life Assurance Co. Can lifted its position in Roper Technologies by 2.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 73,606 shares of the industrial products company’s stock valued at $17,766,000 after purchasing an additional 1,535 shares during the period. FDx Advisors Inc. lifted its position in Roper Technologies by 4.3% during the 3rd quarter. FDx Advisors Inc. now owns 10,251 shares of the industrial products company’s stock valued at $2,495,000 after purchasing an additional 424 shares during the period. Finally, Aperio Group LLC lifted its position in Roper Technologies by 7.5% during the 3rd quarter. Aperio Group LLC now owns 79,290 shares of the industrial products company’s stock valued at $19,299,000 after purchasing an additional 5,550 shares during the period. Institutional investors own 93.51% of the company’s stock.

ROP has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Cowen reissued a “buy” rating and set a $250.00 price objective on shares of Roper Technologies in a report on Thursday, October 12th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Finally, Robert W. Baird increased their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $263.75.

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Roper Technologies Company Profile

Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

Earnings History for Roper Technologies (NYSE:ROP)

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