Roper Technologies (NYSE:ROP) Updates Q2 Earnings Guidance

Roper Technologies (NYSE:ROP) updated its second quarter earnings guidance on Friday. The company provided earnings per share guidance of $4.42-4.46 for the period, compared to the consensus earnings per share estimate of $4.49. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Analyst Ratings Changes

ROP has been the subject of several research analyst reports. Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a research note on Friday, March 22nd. Barclays boosted their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a research report on Monday, January 22nd. Royal Bank of Canada upped their price target on Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Finally, TD Cowen downgraded Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of Moderate Buy and a consensus target price of $574.58.

Roper Technologies Stock Up 0.4 %

ROP opened at $540.41 on Friday. The firm has a 50-day simple moving average of $545.43 and a two-hundred day simple moving average of $533.17. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $57.83 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. Roper Technologies has a 52 week low of $430.03 and a 52 week high of $565.00.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.92 EPS. Analysts forecast that Roper Technologies will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.