Roper Technologies (NYSE:ROP) Issues Q2 Earnings Guidance

Roper Technologies (NYSE:ROP – Get Rating) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.80-3.84 for the period, compared to the Thomson Reuters consensus estimate of $3.79. Roper Technologies also updated its FY 2022 guidance to $15.500-$15.750 EPS.

Several research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Roper Technologies in a report on Monday, January 10th. They set a market perform rating and a $505.00 target price on the stock. StockNews.com assumed coverage on Roper Technologies in a report on Thursday, March 31st. They set a hold rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of Buy and an average price target of $509.72.

ROP opened at $455.27 on Tuesday. Roper Technologies has a one year low of $417.54 and a one year high of $505.00. The stock has a market capitalization of $48.08 billion, a PE ratio of 42.04, a P/E/G ratio of 2.89 and a beta of 1.07. The business’s 50 day moving average price is $458.17 and its 200 day moving average price is $464.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 0.78.

Roper Technologies (NYSE:ROP – Get Rating) last announced its earnings results on Tuesday, April 26th. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.09. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.48 billion. Roper Technologies had a return on equity of 14.01% and a net margin of 18.92%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.60 earnings per share. As a group, equities research analysts forecast that Roper Technologies will post 15.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Tuesday, April 5th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, April 4th. Roper Technologies’s payout ratio is 22.90%.

In other Roper Technologies news, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $449.21, for a total value of $112,302.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its position in shares of Roper Technologies by 3.6% during the second quarter. Morgan Stanley now owns 3,100,096 shares of the industrial products company’s stock worth $1,457,664,000 after acquiring an additional 107,357 shares during the period. Barclays PLC increased its holdings in Roper Technologies by 10.5% in the fourth quarter. Barclays PLC now owns 662,181 shares of the industrial products company’s stock valued at $325,698,000 after buying an additional 62,983 shares during the last quarter. California State Teachers Retirement System raised its stake in Roper Technologies by 4.1% in the fourth quarter. California State Teachers Retirement System now owns 190,173 shares of the industrial products company’s stock valued at $93,538,000 after buying an additional 7,499 shares in the last quarter. Wells Fargo & Company MN raised its stake in Roper Technologies by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 164,764 shares of the industrial products company’s stock valued at $81,042,000 after buying an additional 15,063 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Roper Technologies by 911.2% in the fourth quarter. Marshall Wace LLP now owns 16,604 shares of the industrial products company’s stock valued at $8,167,000 after buying an additional 14,962 shares in the last quarter. 91.73% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Company Profile (Get Rating)

Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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