Roper Technologies, Inc. to Post Q1 2024 Earnings of $4.33 Per Share, Zacks Research Forecasts (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP) – Stock analysts at Zacks Research increased their Q1 2024 EPS estimates for Roper Technologies in a research report issued on Monday, April 22nd. Zacks Research analyst R. Department now anticipates 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.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion during 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 company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.92 earnings per share.

Several other equities analysts have also issued reports on ROP. Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho raised their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Oppenheimer raised their price objective on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Stock Performance

NYSE ROP opened at $539.11 on Tuesday. The company has a fifty day moving average of $545.57 and a two-hundred day moving average of $532.77. The company has a market capitalization of $57.70 billion, a PE ratio of 31.98, a P/E/G ratio of 2.82 and a beta of 0.99. Roper Technologies has a 1 year low of $430.03 and a 1 year high of $565.00. 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 Announces Dividend

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

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management lifted its position in Roper Technologies by 5.3% in the first quarter. Hanson & Doremus Investment Management now owns 6,184 shares of the industrial products company’s stock valued at $3,468,000 after purchasing an additional 312 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Roper Technologies by 12.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 59,760 shares of the industrial products company’s stock valued at $33,516,000 after purchasing an additional 6,672 shares during the period. PFG Investments LLC lifted its position in shares of Roper Technologies by 6.5% during the 1st quarter. PFG Investments LLC now owns 2,019 shares of the industrial products company’s stock valued at $1,132,000 after acquiring an additional 124 shares during the period. Parsons Capital Management Inc. RI lifted its position in shares of Roper Technologies by 1.3% during the 1st quarter. Parsons Capital Management Inc. RI now owns 10,738 shares of the industrial products company’s stock valued at $6,022,000 after acquiring an additional 140 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Roper Technologies by 1.7% during the 1st quarter. Raymond James & Associates now owns 216,168 shares of the industrial products company’s stock valued at $121,236,000 after acquiring an additional 3,619 shares during the period. Institutional investors and hedge funds 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.