Brokers Issue Forecasts for Roper Technologies, Inc.’s Q3 2024 Earnings (NYSE:ROP)

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

Roper Technologies (NYSE:ROP) last released 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 company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. Roper Technologies’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.92 EPS.

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

Roper Technologies Trading Up 0.1 %

Shares of NYSE ROP opened at $539.62 on Wednesday. The company has a market cap of $57.75 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99. Roper Technologies has a 12-month low of $430.03 and a 12-month high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $545.66 and its 200 day simple moving average is $533.09.

Hedge Funds Weigh In On Roper Technologies

A number of hedge funds have recently modified their holdings of the stock. Symphony Financial Ltd. Co. grew its holdings in shares of Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 19 shares during the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 20 shares during the last quarter. Legacy Private Trust Co. grew its holdings in shares of Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 20 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Roper Technologies by 3.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 20 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Roper Technologies by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock worth $1,664,000 after acquiring an additional 21 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

Roper Technologies Announces Dividend

The company also recently declared 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. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

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.