Roper Technologies (NYSE:ROP) Releases Q2 Earnings Guidance

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROP. Wells Fargo & Company lifted their price target on shares of 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 lifted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Mizuho lifted their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a neutral rating in a report on Thursday, February 1st. Raymond James lifted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Finally, Oppenheimer lifted their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Four investment 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, the company presently has an average rating of Moderate Buy and a consensus target price of $574.58.

Roper Technologies Stock Down 2.5 %

ROP opened at $526.78 on Friday. 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 firm has a 50 day moving average price of $545.05 and a 200-day moving average price of $533.61. Roper Technologies has a twelve month low of $435.49 and a twelve month high of $565.00. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company earned $3.90 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts forecast that Roper Technologies will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Buying and Selling at Roper Technologies

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

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.