Roper Technologies reported earnings of $3.92 per share for the fourth quarter of 2022, surpassing the estimated earnings per share of $3.77. The revenue for the quarter was $1.43 billion, up 13.8% on a year-over-year basis. The company is expected to post $16.07 earnings per share for the current year. Roper Technologies also increased its quarterly dividend to $0.683 per share, up from $0.68, with a dividend payout ratio of 6.41%. Roper Technologies, Inc. is a diversified technology company that offers engineered products and solutions for global niche markets. The company’s portfolio includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.
Maryland State Retirement & Pension System Invests $3.59 Million in Roper Technologies, Inc.
Maryland State Retirement & Pension System recently purchased shares of Roper Technologies, Inc. (NYSE:ROP) worth $3.59 million during the fourth quarter. The company bought new stakes in the industrial products company, as did other large investors.
Other Large Investors Also Show Interest in Roper Technologies
Ronald Blue Trust Inc. invested $27,000 during the second quarter, while Phocas Financial Corp. invested $28,000 in the fourth quarter. MV Capital Management Inc. boosted its stake by 236.7% during the third quarter, owning 101 shares of the company’s stock valued at $36,000. Householder Group Estate & Retirement Specialist LLC also bought a new stake worth $39,000 in the third quarter, and Guardian Wealth Advisors LLC invested $42,000 during the same period. Institutional investors own 92.41% of the company’s stock.
Analysts Rate Roper Technologies a “Moderate Buy”
Mizuho, Wolfe Research, JPMorgan Chase & Co., Barclays, and Robert W. Baird are among the top analysts who recently commented on Roper Technologies’ stock. Mizuho gave a “neutral” rating and set a price objective of $475.00 on the stock, while Wolfe Research raised it from “peer perform” to “outperform” and set a price objective of $480.00. JPMorgan Chase & Co. boosted its price objective from $385.00 to $420.00 and raised its rating from “underweight” to “neutral.” Barclays gave the stock an “overweight” rating and increased the price objective from $510.00 to $518.00. Finally, Robert W. Baird reissued a “neutral” rating and set a price objective of $476.00. According to MarketBeat.com, the average rating of Roper Technologies’ stock is “Moderate Buy” with an average target price of $492.08.
Insider Buying and Selling at Roper Technologies
No information was given about insider buying or selling at Roper Technologies.
Roper Technologies CEO, Laurence Neil Hunn, sold 5,000 shares of the company’s stock at an average price of $443.57 on January 10th, resulting in a total value of $2,217,850.00. Following the transaction, Hunn now directly owns 112,048 shares in the company, valued at $49,701,131.36. Additionally, director Christopher Wright sold 471 shares of the company’s stock on March 7th at an average price of $429.55, totaling $202,318.05. Following the transaction, Wright owns 38,127 shares of the company’s stock, valued at $16,377,452.85.
0.88% of the stock is owned by corporate insiders.
Roper Technologies’ Stock Rises by 1.1%
On Friday, Roper Technologies (NYSE:ROP) opened at $429.59, with a market capitalization of $45.64 billion. The company has a quick ratio of 0.63, a current ratio of 0.67, and a debt-to-equity ratio of 0.37. Roper Technologies has a twelve month low of $356.21 and a twelve month high of $488.23, with a price-to-earnings ratio of 10.09, a PEG ratio of 2.52, and a beta of 1.03. The stock has a 50-day moving average price of $430.04 and a 200-day moving average price of $417.29.
Roper Technologies Beats Q4 Earnings Estimate
Roper Technologies (NYSE:ROP – Get Rating) reported its quarterly earnings on January 27th, beating the consensus estimate of $3.77 by $0.15. The company had a net margin of 80.89% and a return on equity of 11.43%. The revenue for the quarter was $1.43 billion, which was up 13.8% on a year-over-year basis. The company earned $3.92 earnings per share for the quarter, up from $3.73 earnings per share for the same period in the previous year. Equities research analysts expect Roper Technologies, Inc. to post $16.07 earnings per share for the current year.
Roper Technologies Increases Quarterly Dividend
Roper Technologies also recently announced that it will pay a quarterly dividend on April 21st, 2023. Shareholders of record on April 6th, 2023 will receive a dividend of $0.683 per share, up from the previous quarterly dividend of $0.68. The annualized dividend is $2.73 per share, with a yield of 0.64%. The ex-dividend date is April 5th, 2023. The dividend payout ratio is currently 6.41%.
Roper Technologies Business Profile
Roper Technologies, Inc. is a diversified technology company that offers engineered products and solutions for global niche markets. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The company’s portfolio includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.
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