Roper Technologies (ROP) Scheduled to Post Earnings on Friday

Roper Technologies (NYSE:ROP) is scheduled to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $4.34 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 EPS. On average, analysts expect Roper Technologies to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Roper Technologies Trading Up 0.2 %

Roper Technologies stock opened at $527.27 on Friday. Roper Technologies has a 12-month low of $430.03 and a 12-month high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market capitalization of $56.43 billion, a PE ratio of 40.91, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The firm has a 50 day simple moving average of $545.95 and a 200-day simple moving average of $531.40.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s payout ratio is currently 23.27%.

Insider Activity at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds have recently made changes to their positions in ROP. Lord Abbett & CO. LLC grew its stake in shares of Roper Technologies by 1.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock valued at $13,064,000 after purchasing an additional 463 shares during the period. Prudential PLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $1,038,000. Cetera Investment Advisers lifted its holdings in Roper Technologies by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after buying an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at $367,000. Finally, Candriam Luxembourg S.C.A. lifted its stake in shares of Roper Technologies by 432.2% during the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock valued at $17,569,000 after acquiring an additional 30,214 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays raised their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Mizuho boosted their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.