Roper Technologies (NYSE:ROP) Updates FY24 Earnings Guidance

Roper Technologies (NYSE:ROP - Get Free Report) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $18.05-18.25 for the period, compared to the consensus EPS estimate of $18.11. Roper Technologies also updated its FY 2024 guidance to 18.050-18.250 EPS.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROP. TD Cowen cut Roper Technologies from an outperform rating to a market perform rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Royal Bank of Canada increased their price target on Roper Technologies from $620.00 to $622.00 and gave the company an outperform rating in a report on Thursday, February 1st. Raymond James increased their price target on Roper Technologies from $572.00 to $620.00 and gave the company a strong-buy rating in a report on Friday, February 2nd. Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the company an overweight rating in a report on Monday, January 22nd. Finally, Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $574.58.

Roper Technologies Trading Down 2.5 %

ROP stock traded down $13.63 during midday trading on Friday, reaching $526.78. The company's stock had a trading volume of 856,077 shares, compared to its average volume of 505,450. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a fifty day simple moving average of $545.43 and a two-hundred day simple moving average of $533.17. Roper Technologies has a 1 year low of $435.49 and a 1 year high of $565.00. The firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts' consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $3.90 earnings per share. The business's revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies's payout ratio is 23.27%.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company's stock, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.