Roper Technologies (ROP) Earning Somewhat Positive News Coverage, Accern Reports

News coverage about Roper Technologies (NYSE:ROP) has been trending somewhat positive on Wednesday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Roper Technologies earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.6777425847207 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Shares of Roper Technologies (NYSE:ROP) traded up $0.48 during midday trading on Wednesday, reaching $255.90. 444,401 shares of the company were exchanged, compared to its average volume of 427,859. Roper Technologies has a 12-month low of $182.03 and a 12-month high of $267.83. The stock has a market capitalization of $26,251.81, a P/E ratio of 29.92, a PEG ratio of 2.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. equities analysts predict that Roper Technologies will post 9.31 earnings per share for the current fiscal year.

A number of brokerages have issued reports on ROP. Robert W. Baird upped their price target on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Oppenheimer upped their price target on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Royal Bank of Canada upped their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Cowen restated a “buy” rating and set a $250.00 price target on shares of Roper Technologies in a research note on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a research note on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $253.67.

In related news, Director Christopher Wright sold 250 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total transaction of $64,660.00. Following the sale, the director now directly owns 64,450 shares of the company’s stock, valued at $16,669,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert D. Johnson sold 1,200 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $260.03, for a total transaction of $312,036.00. Following the sale, the director now directly owns 9,700 shares in the company, valued at $2,522,291. The disclosure for this sale can be found here. Insiders have sold 11,450 shares of company stock worth $2,875,206 over the last three months. 2.50% of the stock is currently owned by insiders.

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About Roper Technologies

Insider Buying and Selling by Quarter for Roper Technologies (NYSE:ROP)

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