What is Zacks Research’s Forecast for ROP FY2024 Earnings?

Roper Technologies, Inc. (NYSE:ROP) – Research analysts at Zacks Research raised their FY2024 earnings estimates for shares of Roper Technologies in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $18.21 for the year, up from their prior forecast of $18.12. The consensus estimate for Roper Technologies’ current full-year earnings is $18.24 per share. Zacks Research also issued estimates for Roper Technologies’ Q4 2024 earnings at $4.70 EPS, Q3 2025 earnings at $4.89 EPS, Q4 2025 earnings at $4.98 EPS, FY2025 earnings at $19.36 EPS, Q1 2026 earnings at $4.78 EPS, Q2 2026 earnings at $4.84 EPS, Q3 2026 earnings at $4.88 EPS and FY2026 earnings at $19.53 EPS.

ROP has been the subject of several other research reports. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Stock Performance

NYSE:ROP opened at $548.23 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies has a twelve month low of $508.22 and a twelve month high of $579.10. The stock has a market cap of $58.79 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The firm’s fifty day simple moving average is $552.38 and its 200 day simple moving average is $547.46.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.32 EPS.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

A number of hedge funds have recently made changes to their positions in the business. Sei Investments Co. lifted its stake in Roper Technologies by 5.6% in the 1st quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock worth $16,495,000 after purchasing an additional 1,553 shares in the last quarter. QRG Capital Management Inc. increased its stake in Roper Technologies by 24.6% in the 1st quarter. QRG Capital Management Inc. now owns 1,872 shares of the industrial products company’s stock worth $1,050,000 after acquiring an additional 369 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Roper Technologies by 16.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 509 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 71 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Roper Technologies during the 1st quarter valued at approximately $210,000. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Roper Technologies by 1.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,241 shares of the industrial products company’s stock valued at $1,818,000 after purchasing an additional 48 shares in the last quarter. 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.