Roper Technologies Inc to Post FY2018 Earnings of $11.05 Per Share, Oppenheimer Forecasts (ROP)
Roper Technologies Inc (NYSE:ROP) – Oppenheimer upped their FY2018 earnings per share (EPS) estimates for shares of Roper Technologies in a research note issued on Sunday. Oppenheimer analyst C. Glynn now anticipates that the industrial products company will earn $11.05 per share for the year, up from their prior estimate of $9.90. Oppenheimer has a “Outperform” rating and a $275.00 price target on the stock.
A number of other analysts have also issued reports on ROP. Citigroup reissued an “outperform” rating and issued a $335.00 target price (up previously from $275.00) on shares of Roper Technologies in a research report on Monday. Robert W. Baird reissued a “hold” rating on shares of Roper Technologies in a research report on Monday. Royal Bank of Canada boosted their target price on Roper Technologies to $319.00 and gave the company an “outperform” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $330.00 price objective on shares of Roper Technologies in a research report on Monday. Finally, Canaccord Genuity upped their price objective on Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $285.38.
Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.09. The company had revenue of $1.23 billion for 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 firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 earnings per share.
A number of large investors have recently bought and sold shares of ROP. Suntrust Banks Inc. increased its holdings in Roper Technologies by 20.1% in the second quarter. Suntrust Banks Inc. now owns 2,171 shares of the industrial products company’s stock valued at $502,000 after buying an additional 363 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Roper Technologies by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 299,367 shares of the industrial products company’s stock valued at $69,310,000 after buying an additional 1,529 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Roper Technologies by 2.0% in the second quarter. Macquarie Group Ltd. now owns 78,206 shares of the industrial products company’s stock valued at $18,107,000 after buying an additional 1,496 shares during the last quarter. Gotham Asset Management LLC purchased a new position in Roper Technologies in the second quarter valued at $260,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Roper Technologies in the second quarter valued at $2,638,000. 93.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Brian D. Jellison sold 215,411 shares of the company’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 sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at $433,787,757.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian D. Jellison sold 81,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total value of $21,159,845.00. Following the sale, the chief executive officer now directly owns 1,448,575 shares in the company, valued at approximately $376,093,527.25. The disclosure for this sale can be found here. Insiders have sold 439,526 shares of company stock worth $120,362,826 in the last ninety days. 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 given a dividend of $0.4125 per share. The ex-dividend date was Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.63%. 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%.
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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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