Somewhat Positive Press Coverage Somewhat Unlikely to Affect Roper Technologies (ROP) Stock Price
Media headlines about Roper Technologies (NYSE:ROP) have trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Roper Technologies earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.1636982752321 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Contrasting Roper Technologies (NYSE:ROP) and Gardner Denver Holdings (GDI) (americanbankingnews.com)
- Roper Technologi Shares Up 31.0% Since SmarTrend’s Buy Recommendation (ROP) (mysmartrend.com)
- Edited Transcript of ROP earnings conference call or presentation 31-Jul-17 12:30pm GMT (finance.yahoo.com)
- Roper Technologies, Inc. (ROP) Stake Increased by Artisan Partners Limited Partnership (highlightpress.com)
- Roper Technologies, Inc. breached its 50 day moving average in a Bearish Manner : ROP-US : August 11, 2017 (finance.yahoo.com)
ROP has been the topic of several research analyst reports. Cowen and Company restated an “outperform” rating and issued a $250.00 price objective (up from $220.00) on shares of Roper Technologies in a research report on Monday, April 17th. Zacks Investment Research downgraded Roper Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Barclays PLC boosted their price objective on Roper Technologies from $221.00 to $237.00 and gave the company an “overweight” rating in a research report on Monday, May 1st. Stifel Nicolaus restated a “buy” rating and issued a $242.00 price objective on shares of Roper Technologies in a research report on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $238.42.
Roper Technologies (ROP) traded down 0.27% during midday trading on Tuesday, hitting $233.33. The company had a trading volume of 354,835 shares. The company has a 50 day moving average price of $234.07 and a 200 day moving average price of $219.38. Roper Technologies has a 1-year low of $167.50 and a 1-year high of $238.49. The firm has a market capitalization of $23.85 billion, a P/E ratio of 34.93 and a beta of 1.04.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.02. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $1.56 EPS. Roper Technologies’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts forecast that Roper Technologies will post $9.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.60%. The ex-dividend date was Wednesday, July 5th. Roper Technologies’s payout ratio is 20.96%.
In related news, Director Wilbur J. Prezzano sold 2,000 shares of Roper Technologies stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $235.80, for a total value of $471,600.00. Following the sale, the director now directly owns 22,000 shares in the company, valued at approximately $5,187,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher Wright sold 1,800 shares of Roper Technologies stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $228.70, for a total value of $411,660.00. Following the completion of the sale, the director now owns 66,104 shares in the company, valued at $15,117,984.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,800 shares of company stock worth $1,353,200. 2.50% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Roper Technologies (ROP) Stock Price” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-roper-technologies-rop-stock-price/1492476.html.
About Roper Technologies
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 Analyst Ratings Network's FREE daily email newsletter.