Equities Analysts Set Expectations for ROP FY2024 Earnings

Roper Technologies, Inc. (NYSE:ROP) – Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for Roper Technologies in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $18.21 per share for the year, up from their previous forecast of $18.12. The consensus estimate for Roper Technologies’ current full-year earnings is $18.24 per share. Zacks Research also issued estimates for Roper Technologies’ Q4 2024 earnings at $4.70 EPS, Q3 2025 earnings at $4.89 EPS, Q4 2025 earnings at $4.98 EPS, FY2025 earnings at $19.36 EPS, Q1 2026 earnings at $4.78 EPS, Q2 2026 earnings at $4.84 EPS, Q3 2026 earnings at $4.88 EPS and FY2026 earnings at $19.53 EPS.

Several other research firms have also weighed in on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer decreased their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $564.77 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business’s fifty day moving average price is $552.18 and its two-hundred day moving average price is $547.34. Roper Technologies has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The stock has a market capitalization of $60.56 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.32 EPS.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds have recently bought and sold shares of ROP. ORG Partners LLC raised its stake in Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after buying an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after purchasing an additional 2,399 shares during the period. Sei Investments Co. increased its stake in Roper Technologies by 5.6% during the 1st quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock worth $16,495,000 after purchasing an additional 1,553 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Roper Technologies by 12.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock worth $5,067,000 after purchasing an additional 988 shares in the last quarter. Finally, PGGM Investments raised its holdings in Roper Technologies by 739.4% during the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after buying an additional 63,947 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 21.95%.

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.