Roper Technologies, Inc. to Post Q3 2024 Earnings of $4.56 Per Share, Zacks Research Forecasts (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP) – Investment analysts at Zacks Research cut their Q3 2024 earnings per share estimates for Roper Technologies in a research note issued on Monday, April 22nd. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $4.56 for the quarter, down from their previous estimate of $4.57. The consensus estimate for Roper Technologies’ current full-year earnings is $18.08 per share.

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

Other analysts have also issued reports about the company. Oppenheimer raised their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Mizuho lifted their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Raymond James lifted their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, TD Cowen lowered 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. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Stock Down 0.3 %

Shares of ROP opened at $538.01 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies has a 12 month low of $430.03 and a 12 month high of $565.00. The stock’s 50 day moving average is $545.58 and its two-hundred day moving average is $533.12. The firm has a market cap of $57.58 billion, a P/E ratio of 41.74, a PEG ratio of 2.84 and a beta of 0.99.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Symphony Financial Ltd. Co. raised its position in Roper Technologies by 1.5% in the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares during the period. Beaumont Financial Advisors LLC raised its position in Roper Technologies by 2.5% in the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 20 shares during the period. Legacy Private Trust Co. raised its position in Roper Technologies by 4.4% in the first quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 20 shares during the period. Capital Advisors Ltd. LLC raised its position in Roper Technologies by 3.4% in the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 20 shares during the period. Finally, UMB Bank n.a. raised its position in Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 93.31% 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.