Roper (ROP) & Seagate (STX) stocks rally after Q3 reports

2 min read | October 22, 2021 11:58 AM PDT | By Team Kalkine Media

Highlights

  • 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%.

Also read: Boston Beer (SAM) & Chipotle Mexican Grill (CMG) see Q3 revenue gains

(Earnings release, Roper Technologies, Inc. Common Stock <a class='font-weight-bold' style='border-bottom: 2px dashed;' aria-label='https://kalkinemedia.com/us/companies/nyse-rop'  href='https://kalkinemedia.com/us/companies/nyse-rop'>(NYSE:ROP)</a> and Seagate Technology Holdings PLC Ordinary Shares (Ireland) <a class='font-weight-bold' style='border-bottom: 2px dashed;' aria-label='https://kalkinemedia.com/us/companies/nasdaq-stx'  href='https://kalkinemedia.com/us/companies/nasdaq-stx'>(NASDAQ:STX)</a> 

Source – Pixabay

Also read: Top 7 REITs with over 50% YTD returns to explore

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.

Also read: Seven AAA-rated ESG firms: A look at how these stocks faring

Bottom line

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.  


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