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

Roper Technologies, Inc. (NYSE:ROP) – Research analysts at Zacks Research lifted their Q1 2024 earnings per share (EPS) estimates for Roper Technologies in a report released on Monday, April 22nd. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $4.33 per share for the quarter, up from their previous estimate of $4.32. The consensus estimate for Roper Technologies’ current full-year earnings is $18.08 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.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Oppenheimer lifted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Barclays lifted their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Stock Performance

Shares of ROP stock opened at $538.01 on Tuesday. The company has a market capitalization of $57.58 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies has a 52 week low of $430.03 and a 52 week high of $565.00. The company has a 50-day simple moving average of $545.58 and a 200 day simple moving average of $533.12.

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

Institutional Trading of Roper Technologies

Several hedge funds have recently modified their holdings of the stock. Patton Albertson Miller Group LLC increased its holdings in shares of Roper Technologies by 8.8% during the first quarter. Patton Albertson Miller Group LLC now owns 11,914 shares of the industrial products company’s stock valued at $6,682,000 after acquiring an additional 961 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Roper Technologies by 101.6% during the first quarter. V Square Quantitative Management LLC now owns 867 shares of the industrial products company’s stock valued at $486,000 after buying an additional 437 shares during the last quarter. Dakota Wealth Management increased its position in shares of Roper Technologies by 40.8% during the first quarter. Dakota Wealth Management now owns 7,470 shares of the industrial products company’s stock worth $4,189,000 after acquiring an additional 2,166 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Roper Technologies in the 1st quarter worth about $1,202,000. Finally, Avitas Wealth Management LLC lifted its position in Roper Technologies by 0.8% in the 1st quarter. Avitas Wealth Management LLC now owns 6,443 shares of the industrial products company’s stock valued at $3,613,000 after acquiring an additional 51 shares in the last quarter. 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 value of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. 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 payout ratio is 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.