Roper Technologies Inc. (ROP) Coverage Initiated at Argus
Analysts at Argus initiated coverage on shares of Roper Technologies Inc. (NYSE:ROP) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.
Several other research firms also recently commented on ROP. Zacks Investment Research raised shares of Roper Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. cut their price objective on shares of Roper Technologies from $164.00 to $157.00 and set an “underweight” rating for the company in a report on Wednesday, July 27th. Barclays PLC cut their price objective on shares of Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday, July 26th. Royal Bank Of Canada cut their price objective on shares of Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $196.00 price objective (down from $205.00) on shares of Roper Technologies in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $193.22.
Roper Technologies (NYSE:ROP) opened at 172.52 on Wednesday. The stock’s 50 day moving average is $178.66 and its 200 day moving average is $174.80. Roper Technologies has a one year low of $155.79 and a one year high of $195.93. The firm has a market capitalization of $17.48 billion, a P/E ratio of 25.95 and a beta of 0.98.
Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, July 25th. The company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.05. The business earned $932 million during the quarter, compared to the consensus estimate of $948.22 million. Roper Technologies had a return on equity of 12.37% and a net margin of 18.53%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $1.70 earnings per share. On average, equities research analysts predict that Roper Technologies will post $6.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, October 5th. Roper Technologies’s dividend payout ratio is currently 18.05%.
In other news, CFO John Humphrey sold 40,000 shares of the firm’s 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 directly owns 146,812 shares in the company, valued at approximately $25,354,432.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of Roper Technologies stock in a transaction that occurred on 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 of the company’s stock, valued at $2,408,078.52. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Roper Technologies by 126.2% in the third quarter. Creative Planning now owns 647 shares of the company’s stock worth $118,000 after buying an additional 361 shares during the period. Meeder Asset Management Inc. bought a new stake in Roper Technologies during the first quarter worth approximately $126,000. Westbourne Investment Advisors Inc. bought a new stake in Roper Technologies during the second quarter worth approximately $136,000. Global X Management Co. LLC boosted its stake in Roper Technologies by 75.7% in the second quarter. Global X Management Co. LLC now owns 940 shares of the company’s stock worth $160,000 after buying an additional 405 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock worth $169,000 after buying an additional 33 shares during the period. Institutional investors own 94.58% of the company’s stock.
About Roper Technologies
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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