Q1 2024 EPS Estimates for Roper Technologies, Inc. Raised by Analyst (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP - Free Report) - Research analysts at Zacks Research boosted their Q1 2024 earnings per share (EPS) estimates for shares of 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 $18.07 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $3.92 EPS. Roper Technologies's revenue for the quarter was up 12.7% compared to the same quarter last year.

Several other research firms have also recently issued reports on ROP. Raymond James boosted their target price on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research note on Friday, February 2nd. TD Cowen cut Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price target on the stock. in a research note on Thursday, January 4th. Oppenheimer upped their price target on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Barclays boosted their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $574.58.

Roper Technologies Trading Up 0.1 %

ROP traded up $0.51 on Tuesday, hitting $539.62. 381,455 shares of the company were exchanged, compared to its average volume of 498,621. The firm has a fifty day simple moving average of $545.57 and a two-hundred day simple moving average of $532.77. 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 12 month low of $430.03 and a 12 month high of $565.00. The stock has a market capitalization of $57.75 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99.

Roper Technologies Dividend Announcement

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

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company's 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 completion of the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company's stock.

Institutional Trading of Roper Technologies

Several institutional investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in Roper Technologies during the first quarter valued at approximately $27,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. Hedge funds and other 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.