Roper Technologies (NYSE:ROP – Get Rating) issued its earnings results on Friday. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.12, RTT News reports. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.76 earnings per share. Roper Technologies updated its FY 2022 guidance to $13.46-$13.62 EPS and its Q3 2022 guidance to $3.42-$3.46 EPS.
Roper Technologies Price Performance
Shares of ROP opened at $410.92 on Monday. The firm has a market cap of $43.52 billion, a PE ratio of 15.29, a P/E/G ratio of 2.89 and a beta of 1.03. Roper Technologies has a 1-year low of $369.51 and a 1-year high of $505.00. The company has a current ratio of 1.58, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $406.64 and a two-hundred day simple moving average of $436.64.
Roper Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a $0.62 dividend. The ex-dividend date was Thursday, July 7th. This represents a $2.48 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is presently 9.23%.
Insider Buying and Selling
Institutional Investors Weigh In On Roper Technologies
Several hedge funds and other institutional investors have recently modified their holdings of ROP. Bridgefront Capital LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $216,000. Delphia USA Inc. purchased a new stake in Roper Technologies during the 1st quarter valued at $297,000. Orion Portfolio Solutions LLC increased its stake in Roper Technologies by 17.9% in the first quarter. Orion Portfolio Solutions LLC now owns 632 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 96 shares during the period. Verition Fund Management LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $347,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $367,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ROP has been the topic of several research reports. The Goldman Sachs Group lowered their target price on Roper Technologies from $540.00 to $412.00 and set a “neutral” rating on the stock in a research note on Thursday, June 23rd. Oppenheimer set a $500.00 price target on Roper Technologies in a research report on Monday, June 20th. Barclays reduced their price target on Roper Technologies from $500.00 to $480.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Finally, StockNews.com cut Roper Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $488.51.
About Roper Technologies
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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