Roper Technologies Inc (NYSE:ROP) – Equities research analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for shares of Roper Technologies in a research note issued to investors on Monday. Gabelli analyst J. Garza anticipates that the industrial products company will post earnings per share of $15.85 for the year.
A number of other equities analysts have also issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $330.00 price target on shares of Roper Technologies in a research note on Monday. Canaccord Genuity increased their price target on Roper Technologies from $260.00 to $310.00 and gave the company a “hold” rating in a research note on Monday. Robert W. Baird reaffirmed a “hold” rating on shares of Roper Technologies in a research note on Monday. Royal Bank of Canada increased their price target on Roper Technologies to $319.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Citigroup reaffirmed 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $285.38.
Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.09. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. Roper Technologies had a return on equity of 15.28% and a net margin of 21.09%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harding Loevner LP lifted its holdings in shares of Roper Technologies by 293.8% in the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock valued at $358,642,000 after purchasing an additional 4,420,649 shares in the last quarter. KBC Group NV lifted its holdings in shares of Roper Technologies by 179.0% in the third quarter. KBC Group NV now owns 192,893 shares of the industrial products company’s stock valued at $46,950,000 after purchasing an additional 123,757 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Roper Technologies by 113.6% in the third quarter. First Trust Advisors LP now owns 186,976 shares of the industrial products company’s stock valued at $45,510,000 after purchasing an additional 99,432 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Roper Technologies by 7.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,074,847 shares of the industrial products company’s stock valued at $261,618,000 after purchasing an additional 72,673 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Roper Technologies by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 295,716 shares of the industrial products company’s stock valued at $76,590,000 after purchasing an additional 55,042 shares in the last quarter. 93.36% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Brian D. Jellison sold 215,411 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $277.22, for a total transaction of $59,716,237.42. Following the completion of the sale, the chief executive officer now directly owns 1,564,778 shares of the company’s stock, valued at approximately $433,787,757.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 1,200 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $260.03, for a total value of $312,036.00. Following the sale, the director now directly owns 9,700 shares of the company’s stock, valued at $2,522,291. The disclosure for this sale can be found here. Over the last three months, insiders have sold 439,526 shares of company stock valued at $120,362,826. Corporate insiders own 2.50% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were paid a dividend of $0.4125 per share. The ex-dividend date was Monday, January 8th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a dividend yield of 0.64%. Roper Technologies’s dividend payout ratio (DPR) is currently 17.59%.
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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.
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