Analysts Set Expectations for Roper Technologies, Inc.’s Q3 2024 Earnings (NYSE:ROP)

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

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate 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%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.92 EPS.

Other analysts have also issued research reports about the company. Oppenheimer boosted their price target on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. TD Cowen lowered 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. Raymond James increased 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. Royal Bank of Canada increased their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Stock Performance

ROP opened at $540.41 on Wednesday. The stock has a market cap of $57.83 billion, a PE ratio of 41.92, a P/E/G ratio of 2.84 and a beta of 0.99. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies has a 1 year low of $430.03 and a 1 year high of $565.00. The stock’s 50 day simple moving average is $545.43 and its 200-day simple moving average is $533.17.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction dated 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 transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC boosted its stake in shares of Roper Technologies by 93.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 793 shares during the period. Global Retirement Partners LLC lifted its holdings in Roper Technologies by 7.4% during the 3rd quarter. Global Retirement Partners LLC now owns 578 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 40 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $473,000. DAVENPORT & Co LLC lifted its holdings in Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 68 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $48,000. 93.31% of the stock is currently owned by institutional investors.

About Roper Technologies

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.