|Over a week ago|
Roper Technologies raises quarterly dividend 10% to 56.25c per share » 16:4611/1211/12/20
Roper Technologies announced that its board of directors has declared a quarterly cash dividend of 56.25c per share, payable on January 22, 2021 to stockholders of record as of January 8, 2021. This represents an increase of 10% over the dividend paid in each quarter of 2020, or an expected 20c increase on an annual basis, or 5c on a quarterly basis. This is the twenty-eighth consecutive year in which Roper has increased its dividend.
|Over a month ago|
Roper Technologies price target lowered to $479 from $510 at RBC Capital » 09:1710/2810/28/20
RBC Capital analyst Deane…
RBC Capital analyst Deane Dray lowered the firm's price target on Roper Technologies to $479 from $510 but keeps an Outperform rating on the shares. The company posted "mixed" Q3 results and its Q4 guidance was also "modestly below" expectations, the analyst tells investors in a research note. Dray adds that investors may have been let down by expectations of Roper remaining on the sidelines in terms of M&A for the next year or so, but he sees its cash generation as an "overarching positive".
Roper Technologies sees Q4 adjusted EPS $3.39-$3.49, consensus $3.50 06:5810/2710/27/20
Roper Technologies raises FY20 adj. EPS view to $12.55-$12.65, consensus $12.49 » 06:5710/2710/27/20
Prior view was $11.90 -…
Prior view was $11.90 - $12.40. "We are very pleased with the continued strong execution by our business leaders this quarter," said Neil Hunn, Roper's President and CEO. "We once again benefited from our diverse and resilient portfolio, and saw improvement across many businesses. Importantly, we have seen an accelerated shift towards SaaS solutions and an expansion of our software networks. Notably, our laboratory software businesses and Verathon's video intubation solutions have been on the front lines of the battle against COVID-19." "We successfully deployed $5.8 billion over the past few months, led by our acquisition of Vertafore last month. These niche software acquisitions continue Roper's long-term transformation by enhancing the quality and resilience of our portfolio, increasing our mix of recurring revenue, and further strengthening our ability to consistently compound cash flow. We are well positioned for a strong fourth quarter and a great 2021," concluded Hunn.
Roper Technologies reports Q3 adjusted EPS $3.17, consensus $3.04 » 06:5510/2710/27/20
Reports Q3 revenue…
Reports Q3 revenue $1.37B, consensus $1.35B.
Roper Technologies price target raised to $320 from $300 at JPMorgan » 08:5210/0710/07/20
JPMorgan analyst Stephen…
JPMorgan analyst Stephen Tusa raised the firm's price target on Roper Technologies (ROP) to $320 from $300 and keeps an Underweight rating on the shares. The analyst has a "balanced view" of the multi-industry sector in his preliminary look at 2021. Tusa agrees that given the COVID-19 downdraft, there is a "floor under" 2020 earnings estimates, "with some near term upside." However, heading into 2021, the debate shifts to "escape velocity on earnings," where there is risk given multiples "that discount optimistic growth assumptions," Tusa tells investors in a research note. His top picks are pick are Honeywell (HON), DuPont (DD) and Otis Worldwide (OTIS). The analyst's avoids are General Electric (GE), Roper Technologies (ROP), Rockwell Automation (ROK) and Lennox International (LII).
JPMorgan's Tusa downgrades 'expensive' Roper Technologies to Underweight » 07:4509/0809/08/20
JPMorgan analyst Stephen…
JPMorgan analyst Stephen Tusa downgraded Roper Technologies to Underweight from Neutral with a price target of $300, up from $295. The company's current valuation "looks unjustified" by growth in the base business, and its acquisition strategy "has little focus on real returns," which should matter more for a story that is all about capital deployment, Tusa tells investors in a research note. The analyst believes investors should "evolve from being hyper-focused" on free cash flow to questioning the future asset value of Roper's "increasingly lower return capital deployment model." Tusa views the stock as "expensive."
Roper Technologies downgraded to Underweight from Neutral at JPMorgan » 05:0109/0809/08/20
JPMorgan analyst Stephen…
JPMorgan analyst Stephen Tusa downgraded Roper Technologies to Underweight from Neutral with a $300 price target.
|Over a quarter ago|
Roper Technologies initiated with an Underperform at Wolfe Research » 09:3108/2508/25/20
Wolfe Research analyst…
Wolfe Research analyst Blake Gendron initiated coverage of Roper Technologies with an Underperform rating and $374 price target.
Loeb's Third Point buys Alibaba, makes a top holding, during second quarter » 09:0508/1708/17/20
BABA, JD, FB, NKE, EVRG, CNC, ROP, SERV, SHW, AVTR, SNE, DIS, CHTR, IAA, FIS, BURL, BAX, KDMN, V, DHR, CRM, AMZN
Dan Loeb's Third…
Dan Loeb's Third Point disclosed in an SEC filing its holdings as of June 30, 2020. The fund made 13 new buys in the quarter, $431.4M worth of Alibaba (BABA), $195.6M of JD.com (JD), $193M of Facebook (FB), $122.6M of Nike (NKE), and $88.9M of Evergy (EVRG). Third Point exited eight positions during the quarter, including by size of previous position, Centene (CNC), Roper Technologies (ROP), ServiceMaster (SERV), Sherwin-Williams (SHW), Avantor (AVTR) and Sony (SNE). The fund increased its stake in eight holdings, including Disney (DIS), Charter Communications (CHTR), IAA (IAA), FIS (FIS) and Burlington Stores (BURL). Third Point reduced its stake in eight holdings, including by size of previous position, Baxter (BAX), Kadmon (KDMN), Visa (V), Danaher (DHR), Salesforce (CRM) and Amazon.com (AMZN). The fund's top holdings as of June 20, in order of size, were Disney, Amazon, Danaher, Alibaba and FIS.