Roper Technologies (NYSE:ROP) Issues Q3 2024 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.500-4.540 for the period, compared to the consensus EPS estimate of 4.630. The company issued revenue guidance of -. Roper Technologies also updated its FY 2024 guidance to 18.100-18.250 EPS.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROP. Robert W. Baird raised Roper Technologies from a neutral rating to an outperform rating and boosted their price target for the stock from $617.00 to $635.00 in a research report on Thursday. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an outperform rating for the company in a report on Thursday. Barclays raised their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the company an overweight rating in a report on Wednesday, July 10th. Mizuho increased their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada lowered their target price on shares of Roper Technologies from $685.00 to $674.00 and set an outperform rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $604.33.

Roper Technologies Trading Up 1.4 %

NYSE:ROP opened at $548.53 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $553.71 and a 200-day simple moving average of $545.43. The company has a market capitalization of $58.72 billion, a P/E ratio of 39.81, a PEG ratio of 2.84 and a beta of 1.02. Roper Technologies has a 12 month low of $474.46 and a 12 month high of $579.10.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $3.90 earnings per share. On average, equities research analysts anticipate that Roper Technologies will post 18.17 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now directly owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total value of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

About Roper Technologies

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.