Roper Technologies (NYSE:ROP) Posts Earnings Results, Beats Estimates By $0.09 EPS

Roper Technologies (NYSE:ROP) released its quarterly earnings results on Wednesday. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09, Briefing.com reports. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year.

Roper Technologies Stock Down 0.2 %

Shares of NYSE ROP traded down $0.84 on Thursday, hitting $542.10. The company had a trading volume of 369,927 shares, compared to its average volume of 496,628. Roper Technologies has a 12-month low of $474.46 and a 12-month high of $579.10. The business has a 50 day moving average of $551.48 and a two-hundred day moving average of $545.46. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $58.11 billion, a P/E ratio of 40.16, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s payout ratio is 22.22%.

Wall Street Analyst Weigh In

Several research firms recently commented on ROP. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer dropped their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

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.