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

Roper Technologies, Inc. (NYSE:ROP) – Investment analysts at Zacks Research boosted their Q1 2024 earnings estimates for shares of Roper Technologies in a research report issued to clients and investors on Monday, April 22nd. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $4.33 per share 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.

A number of other research analysts have also recently weighed in on the stock. Barclays lifted their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Oppenheimer boosted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Wells Fargo & Company boosted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Finally, Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Trading Up 0.1 %

Shares of ROP stock opened at $539.62 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a market capitalization of $57.75 billion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The company has a 50 day moving average price of $545.66 and a 200 day moving average price of $533.09. Roper Technologies has a fifty-two week low of $430.03 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) 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%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 EPS.

Institutional Trading of Roper Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. OFI Invest Asset Management purchased a new stake in Roper Technologies in the 3rd quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies during the 3rd quarter worth $27,000. Rise Advisors LLC purchased a new position in Roper Technologies during the 1st quarter worth $27,000. Independence Bank of Kentucky purchased a new position in Roper Technologies during the 4th quarter worth $31,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Roper Technologies Dividend Announcement

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