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

Roper Technologies (NYSE:ROP) updated its third quarter 2024 earnings guidance on Wednesday. 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 recently weighed in on ROP. Royal Bank of Canada cut their price objective on Roper Technologies from $696.00 to $680.00 and set an outperform rating for the company in a research report on Monday, April 29th. Oppenheimer restated an outperform rating and set a $650.00 price target on shares of Roper Technologies in a research note on Monday, April 29th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an overweight rating in a research note on Wednesday, July 10th. Wolfe Research lowered Roper Technologies from an outperform rating to a peer perform rating in a research note on Thursday, June 13th. Finally, Mizuho boosted their price target on Roper Technologies from $525.00 to $530.00 and gave the company a neutral rating in a research note on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $597.78.

Roper Technologies Price Performance

Shares of ROP traded down $42.30 during mid-day trading on Wednesday, reaching $531.97. The company had a trading volume of 2,057,166 shares, compared to its average volume of 520,060. Roper Technologies has a twelve month low of $474.46 and a twelve month high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The company’s 50-day moving average is $553.53 and its 200-day moving average is $545.42. The company has a market capitalization of $56.94 billion, a P/E ratio of 38.60, a P/E/G ratio of 3.02 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm posted $3.90 EPS. Roper Technologies’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies will post 18.17 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is 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 on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total value of $1,970,570.00. Following the completion of the transaction, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. Insiders own 0.87% 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.