Roper Technologies Inc. (ROP)
3 Tech Stocks to Buy for Income and Growth: ROP, MU, GOOGL
For those interested in obtaining a blend of income and growth, Roper Technologies, Micron Technology, and Alphabet fit the criteria nicely.
Reasons Why Roper (ROP) Deserves to be in Your Portfolio Now
Roper (ROP) stands to benefit from strength in its Application Software and Network Software units, acquisitions and shareholder-friendly policies.
Is Roper Technologies (ROP) a Solid Growth Stock? 3 Reasons to Think "Yes"
Roper Technologies (ROP) possesses solid growth attributes, which could help it handily outperform the market.
Panagora Asset Management Inc. Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)
Panagora Asset Management Inc. reduced its stake in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,779 shares of the industrial products company’s stock after selling 261 shares during the quarter. Panagora Asset Management Inc.’s holdings in Roper Technologies were worth $3,151,000 as of its most recent SEC filing. Other large investors have also bought and sold shares of the company. Haverford Trust Co grew its position in Roper Technologies by 20.8% during the fourth quarter. Haverford Trust Co now owns 910 shares of the industrial products company’s stock valued at $496,000 after buying an additional 157 shares during the period. Jag Capital Management LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at approximately $6,944,000. Guardian Capital LP increased its stake in shares of Roper Technologies by 1.3% during the 4th quarter. Guardian Capital LP now owns 5,208 shares of the industrial products company’s stock worth $2,839,000 after purchasing an additional 68 shares during the last quarter. CCLA Investment Management raised its holdings in shares of Roper Technologies by 0.6% in the 4th quarter. CCLA Investment Management now owns 237,567 shares of the industrial products company’s stock worth $129,731,000 after purchasing an additional 1,475 shares during the period. Finally, Torray Investment Partners LLC bought a new position in Roper Technologies during the fourth quarter valued at $224,000. 93.31% of the stock is currently owned by institutional investors. Roper Technologies Price Performance Shares of NYSE ROP opened at $541.89 on Monday. The stock’s 50-day simple moving average is $537.60 and its two-hundred day simple moving average is $537.38. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00. The firm has a market capitalization of $58.00 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.84 and a beta of 1.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. Roper Technologies (NYSE:ROP – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the business earned $3.90 earnings per share. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year. Roper Technologies Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%. Insider Activity at Roper Technologies In other news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by insiders. Analyst Upgrades and Downgrades Several analysts have issued reports on ROP shares. Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Raymond James boosted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $584.82. Check Out Our Latest Research Report on Roper Technologies Roper Technologies Company Profile (Free Report) 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.
Brokers Set Expectations for Roper Technologies, Inc.’s Q2 2024 Earnings (NYSE:ROP)
Roper Technologies, Inc. (NYSE:ROP – Free Report) – Stock analysts at Zacks Research increased their Q2 2024 earnings estimates for Roper Technologies in a research note issued to investors on Friday, May 17th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $4.43 per share for the quarter, up from their prior forecast of $4.42. The consensus estimate for Roper Technologies’ current full-year earnings is $18.15 per share. Zacks Research also issued estimates for Roper Technologies’ FY2024 earnings at $18.07 EPS, Q1 2025 earnings at $4.61 EPS, Q2 2025 earnings at $4.67 EPS, Q3 2025 earnings at $4.78 EPS, Q4 2025 earnings at $4.79 EPS, FY2025 earnings at $18.85 EPS and Q1 2026 earnings at $4.62 EPS. Other equities research analysts have also recently issued research reports about the stock. Raymond James boosted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho upped their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Wells Fargo & Company upped their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $584.82. Read Our Latest Report on Roper Technologies Roper Technologies Price Performance NYSE:ROP opened at $541.89 on Monday. The firm’s fifty day moving average price is $537.60 and its two-hundred day moving average price is $537.38. The company has a market cap of $58.00 billion, a P/E ratio of 39.32, a P/E/G ratio of 2.84 and a beta of 1.00. Roper Technologies has a one year low of $441.06 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. Roper Technologies (NYSE:ROP – Get Free Report) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company earned $3.90 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Roper Technologies Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 21.77%. Insider Buying and Selling at Roper Technologies In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.94% of the company’s stock. Hedge Funds Weigh In On Roper Technologies A number of large investors have recently modified their holdings of the company. Norges Bank bought a new position in Roper Technologies during the 4th quarter valued at $756,176,000. Mackenzie Financial Corp lifted its stake in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after acquiring an additional 280,873 shares in the last quarter. First Trust Advisors LP increased its position in shares of Roper Technologies by 149.7% during the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock valued at $200,067,000 after purchasing an additional 220,006 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Roper Technologies by 32.8% during the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock valued at $468,273,000 after purchasing an additional 211,967 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at $82,379,000. 93.31% of the stock is currently owned by institutional investors. Roper Technologies Company Profile (Get Free Report) 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.
