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

Roper Technologies (NYSE:ROP - Get Free Report) issued its earnings results on Friday. The industrial products company reported $4.41 earnings per share 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 analysts' expectations of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.90 EPS.

Roper Technologies Stock Down 2.5 %

NYSE:ROP traded down $13.63 during trading hours on Friday, hitting $526.78. The company's stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. The stock has a market capitalization of $56.38 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The stock has a fifty day moving average of $545.43 and a 200-day moving average of $533.17. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies has a 52-week low of $435.49 and a 52-week high of $565.00.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.27%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company's stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROP. Oppenheimer boosted their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Royal Bank of Canada boosted their target price on Roper Technologies from $620.00 to $622.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Mizuho boosted their target price on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" 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 on the stock. in a research report on Thursday, January 4th. Finally, Wells Fargo & Company boosted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $574.58.

Roper Technologies Company Profile

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.