Roper Technologies (ROP) Getting Somewhat Positive Media Coverage, Report Shows
Headlines about Roper Technologies (NYSE:ROP) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Roper Technologies earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.5544215909026 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- $2.61 EPS Expected for Roper Technologies Inc (ROP) This Quarter (americanbankingnews.com)
- Roper Technologies Schedules Fourth Quarter 2017 Financial Results Conference Call NYSE:ROP (menafn.com)
- Roper Technologies Inc.: Roper Technologies Schedules Fourth Quarter 2017 Financial Results Conference Call (twst.com)
- DAT Freight Index: Spot Market Truckload Demand Outpaces Capacity in December (finance.yahoo.com)
Shares of Roper Technologies (ROP) traded up $2.78 during trading hours on Friday, hitting $275.28. 249,769 shares of the stock traded hands, compared to its average volume of 365,306. The firm has a market cap of $28,178.21, a PE ratio of 39.95, a PEG ratio of 2.21 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. Roper Technologies has a one year low of $185.10 and a one year high of $275.52.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. sell-side analysts forecast that Roper Technologies will post 9.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a dividend of $0.4125 per share. The ex-dividend date is Monday, January 8th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.35. This represents a $1.65 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s payout ratio is 23.95%.
ROP has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research report on Monday, October 2nd. Cowen restated a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a research report on Thursday, October 12th. Oppenheimer restated a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Royal Bank of Canada boosted their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $256.27.
In related news, CEO Brian D. Jellison sold 81,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the sale, the chief executive officer now directly owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Wright sold 250 shares of Roper Technologies stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $258.64, for a total transaction of $64,660.00. Following the sale, the director now directly owns 64,450 shares in the company, valued at $16,669,348. The disclosure for this sale can be found here. Insiders have sold a total of 86,950 shares of company stock worth $22,574,581 over the last ninety days. 2.50% of the stock is currently owned by insiders.
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About Roper Technologies
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