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

Roper Technologies, Inc. (NYSE:ROP) – Equities research analysts at Zacks Research reduced their Q3 2024 earnings estimates for Roper Technologies in a research note issued on Wednesday, August 14th. Zacks Research analyst R. Department now expects that the industrial products company will earn $4.53 per share for the quarter, down from their previous estimate of $4.61. The consensus estimate for Roper Technologies’ current full-year earnings is $18.17 per share. Zacks Research also issued estimates for Roper Technologies’ Q4 2025 earnings at $4.90 EPS and Q2 2026 earnings at $4.78 EPS.

Other research analysts have also issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer dropped their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price objective on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday. Four equities 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 company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.50.

Roper Technologies Stock Performance

NYSE ROP opened at $548.50 on Monday. The business’s 50-day moving average price is $550.94 and its 200 day moving average price is $544.32. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Roper Technologies has a twelve month low of $474.46 and a twelve month high of $579.10. The company has a market capitalization of $58.80 billion, a PE ratio of 39.80, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s payout ratio is currently 21.77%.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher Wright sold 300 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $554.67, for a total value of $166,401.00. Following the transaction, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The disclosure for this sale can be found here. Insiders sold 3,940 shares of company stock worth $2,214,019 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Roper Technologies

Several large investors have recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Roper Technologies in the 1st quarter valued at about $27,000. Fairscale Capital LLC acquired a new position in Roper Technologies during the 2nd quarter valued at about $28,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 1st quarter worth about $29,000. Finally, Versant Capital Management Inc increased its stake in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors.

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.