- Roper Technologies, Inc. (NYSE: ROP) saw its revenue increase 22% to US$1.46 billion in the third quarter of 2021, and gross profit grew 23% YoY.
- Seagate Technology Holdings (NASDAQ: STX) had a net income of US$526 million, a 136% increase compared to a net income of US$223 million in Q1, 2021.
- Both the companies raised their guidances for the coming quarter.
Roper Technologies, Inc., and Seagate Technology Holdings announced their quarterly results, and their stocks rose after the announcement.
The stocks of Roper Technologies, Inc. rose 1.62%, and Seagate Technology Holdings PLC (Ireland) jumped 5.12% on Friday, October 22.
The ROP stock traded at US$489.03, while the STX stock traded at US$86.45 at 12:09 pm ET.
Roper Technologies, Inc. (NYSE: ROP)
Roper’s market capitalization is US$51 billion, P/E ratio 48.51, and its dividend yield is 0.47%.
Source – Pixabay
Seagate Technology Holdings (NASDAQ: STX)
The technology company provides hard disk drives for data storage. It offers innovative, precision-engineered data storage and management solutions to its clients. The company is located in Dublin, Ireland.
With a current market capitalization of US$19.27 billion, it has a P/E ratio of 15.68 and a forward P/E ratio for one year of 10.79. The dividend yield is 3.33%, and annualized dividend is US$2.68.
Whereas the Dow Jones U.S. Technology Total Stock Market Index (DWCTEC) grew 27.87% year-to-date, ROP underperformed with a 13.50% return YTD, and STX beat the above with a 40% increase YTD. However, this is not the complete picture for taking an investment decision as one must apply due diligence while investing in stocks.