Roper Technologies Inc. (NYSE:ROP) declared a quarterly dividend on Tuesday, September 13th. Stockholders of record on Friday, October 7th will be given a dividend of 0.30 per share on Friday, October 21st. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, October 5th.
Roper Technologies (NYSE:ROP) opened at 182.09 on Tuesday. Roper Technologies has a 1-year low of $155.79 and a 1-year high of $195.93. The stock has a 50 day moving average price of $178.19 and a 200 day moving average price of $175.14. The firm has a market cap of $18.45 billion, a P/E ratio of 27.39 and a beta of 0.98.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.61 by $0.05. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The firm earned $932 million during the quarter, compared to analysts’ expectations of $948.22 million. During the same period last year, the business posted $1.70 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Roper Technologies will post $6.60 EPS for the current year.
ROP has been the subject of several recent research reports. Zacks Investment Research raised Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. cut their target price on Roper Technologies from $164.00 to $157.00 and set an “underweight” rating for the company in a research note on Wednesday, July 27th. Barclays PLC cut their target price on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday, July 26th. Royal Bank Of Canada cut their target price on Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $196.00 target price (down previously from $205.00) on shares of Roper Technologies in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $194.40.
In other news, Director Robert E. Knowling, Jr. sold 4,000 shares of Roper Technologies stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $171.54, for a total transaction of $686,160.00. Following the completion of the sale, the director now owns 14,038 shares in the company, valued at approximately $2,408,078.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO John Humphrey sold 40,000 shares of Roper Technologies stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $172.70, for a total value of $6,908,000.00. Following the sale, the chief financial officer now owns 146,812 shares of the company’s stock, valued at approximately $25,354,432.40. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several hedge funds have recently modified their holdings of ROP. BOKF NA increased its stake in shares of Roper Technologies by 0.7% in the second quarter. BOKF NA now owns 2,642 shares of the company’s stock worth $451,000 after buying an additional 18 shares during the period. Ranger Investment Management L.P. increased its stake in shares of Roper Technologies by 1.2% in the second quarter. Ranger Investment Management L.P. now owns 2,585 shares of the company’s stock worth $441,000 after buying an additional 30 shares during the period. Advantus Capital Management Inc increased its stake in shares of Roper Technologies by 1.0% in the second quarter. Advantus Capital Management Inc now owns 10,103 shares of the company’s stock worth $1,723,000 after buying an additional 100 shares during the period. Bank of Nova Scotia increased its stake in shares of Roper Technologies by 6.9% in the second quarter. Bank of Nova Scotia now owns 2,013 shares of the company’s stock worth $343,000 after buying an additional 130 shares during the period. Finally, Veritable L.P. increased its stake in shares of Roper Technologies by 8.1% in the second quarter. Veritable L.P. now owns 1,961 shares of the company’s stock worth $334,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 94.64% of the company’s stock.
Roper Technologies Company Profile
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
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