Roper Technologies (NYSE:ROP – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $15.500-$15.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $15.540. The company issued revenue guidance of -.Roper Technologies also updated its Q2 2022 guidance to $3.800-$3.840 EPS.
Several equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Roper Technologies in a report on Thursday, March 31st. They set a hold rating for 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 for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Buy and an average target price of $509.72.
ROP opened at $455.27 on Tuesday. The business has a 50 day simple moving average of $458.17 and a two-hundred day simple moving average of $464.58. The firm has a market capitalization of $48.08 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 2.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.72. Roper Technologies has a one year low of $417.54 and a one year high of $505.00.
The company also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Tuesday, April 5th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, April 4th. Roper Technologies’s dividend payout ratio is currently 22.90%.
In other news, Director Robert D. Johnson sold 250 shares of the 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 Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in ROP. Morgan Stanley increased its position in Roper Technologies by 3.6% during the 2nd quarter. Morgan Stanley now owns 3,100,096 shares of the industrial products company’s stock valued at $1,457,664,000 after buying an additional 107,357 shares in the last quarter. Barclays PLC increased its position in Roper Technologies by 10.5% during the 4th 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 in the last quarter. California State Teachers Retirement System increased its position in Roper Technologies by 4.1% during the 4th 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 increased its position in Roper Technologies by 10.1% during the 4th 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 increased its position in Roper Technologies by 911.2% during the 4th 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 owned by hedge funds and other institutional investors.
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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