According to Zacks, “Roper Technologies' business has been affected because of the weakness in the oil and gas sector. In addition, unexpected project delays in certain traffic and toll projects are weighing on its financials. Roper also expects its business to be negatively impacted by Brexit and other macroeconomic headwinds. As a result in the last quarter, the company slashed its guidance for 2016. Nonetheless, the company’s asset-light business model and robust M&A activity will likely provide some respite in the long run. The company's strong dividend policy is also an added positive.”
Several other analysts also recently weighed in on ROP. Oppenheimer Holdings Inc. restated an outperform rating on shares of Roper Technologies in a research note on Wednesday, May 25th. Canaccord Genuity restated a hold rating on shares of Roper Technologies in a research note on Thursday, May 26th. Raymond James Financial Inc. initiated coverage on Roper Technologies in a research note on Wednesday, July 20th. They set a strong-buy rating and a $206.00 target price for the company. Royal Bank Of Canada decreased 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, Barclays PLC decreased 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Roper Technologies has an average rating of Buy and an average target price of $194.40.
Roper Technologies (NYSE:ROP) opened at 176.70 on Wednesday. The company’s 50-day moving average price is $175.60 and its 200-day moving average price is $174.68. Roper Technologies has a 52 week low of $150.91 and a 52 week high of $195.93. The company has a market capitalization of $17.91 billion, a P/E ratio of 26.58 and a beta of 1.03.
Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, July 25th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.05. The company had revenue of $932 million for 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 business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. On average, equities analysts forecast that Roper Technologies will post $6.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be given a $0.30 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.68%. 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 on Friday, August 12th. The stock was sold at an average price of $172.70, for a total value of $6,908,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 1,400 shares of Roper Technologies stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $173.41, for a total value of $242,774.00. Following the transaction, the director now owns 10,500 shares in the company, valued at $1,820,805. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Roper Technologies during the first quarter valued at $126,000. Westbourne Investment Advisors Inc. acquired a new position in Roper Technologies during the second quarter valued at $136,000. Global X Management Co. LLC raised its position in Roper Technologies by 75.7% in the second quarter. Global X Management Co. LLC now owns 940 shares of the company’s stock valued at $160,000 after buying an additional 405 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Roper Technologies by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 993 shares of the company’s stock valued at $169,000 after buying an additional 33 shares in the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in Roper Technologies during the second quarter valued at $205,000. Hedge funds and other institutional investors own 94.67% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Roper Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.