Roper Technologies (NYSE:ROP) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Roper Technologies (NYSE:ROP) posted its quarterly earnings results on Friday. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07, Briefing.com reports. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $3.90 EPS.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded down $10.17 on Friday, hitting $530.24. 420,008 shares of the company’s stock were exchanged, compared to its average volume of 499,668. The company has a 50-day simple moving average of $545.43 and a 200-day simple moving average of $533.17. The stock has a market capitalization of $56.75 billion, a PE ratio of 32.20, a PEG ratio of 2.83 and a beta of 0.99. Roper Technologies has a 1 year low of $435.49 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.27%.

Analyst Upgrades and Downgrades

ROP has been the subject of several analyst reports. Royal Bank of Canada raised their target price on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research report on Thursday, January 4th. Oppenheimer raised their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Barclays lifted their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Raymond James lifted their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

About Roper Technologies

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.