Q1 2024 Earnings Estimate for Roper Technologies, Inc. Issued By Zacks Research (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP) – Equities researchers at Zacks Research increased their Q1 2024 EPS estimates for Roper Technologies in a research report issued to clients and investors on Monday, April 22nd. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $4.33 for the quarter, up from their prior estimate of $4.32. The consensus estimate for Roper Technologies’ current full-year earnings is $18.07 per share. Zacks Research also issued estimates for Roper Technologies’ Q2 2024 earnings at $4.42 EPS, Q4 2024 earnings at $4.59 EPS, FY2024 earnings at $17.90 EPS, Q2 2025 earnings at $4.58 EPS, Q3 2025 earnings at $4.69 EPS and Q4 2025 earnings at $4.87 EPS.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $3.92 earnings per share.

ROP has been the topic of a number of other reports. Raymond James raised their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Oppenheimer lifted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Royal Bank of Canada lifted their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research note on Thursday, January 4th. Finally, Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies Trading Up 0.1 %

Shares of ROP opened at $539.62 on Tuesday. The firm’s 50 day simple moving average is $545.66 and its 200 day simple moving average is $533.09. The company has a market capitalization of $57.75 billion, a P/E ratio of 41.86, a P/E/G ratio of 2.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies has a 1-year low of $430.03 and a 1-year high of $565.00.

Institutional Trading of Roper Technologies

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock valued at $1,224,736,000 after buying an additional 42,962 shares in the last quarter. Norges Bank bought a new stake in shares of Roper Technologies during the 4th quarter valued at $756,176,000. Northern Trust Corp boosted its holdings in shares of Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after buying an additional 54,396 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after buying an additional 9,846 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.94% of the company’s stock.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is 23.27%.

About Roper Technologies

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.