What is Zacks Research's Estimate for ROP FY2024 Earnings?

Roper Technologies, Inc. (NYSE:ROP - Free Report) - Equities researchers at Zacks Research raised their FY2024 EPS estimates for shares of Roper Technologies in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $18.21 for the year, up from their prior 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.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the company earned $4.32 EPS. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year.

Several other research analysts have also commented on the stock. Royal Bank of Canada reduced their price objective 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. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Trading Down 2.9 %

ROP traded down $16.54 on Friday, reaching $548.23. 581,283 shares of the company traded hands, compared to its average volume of 496,269. Roper Technologies has a one year low of $508.22 and a one year high of $579.10. The firm has a fifty day simple moving average of $552.38 and a two-hundred day simple moving average of $547.46. The company has a market cap of $58.79 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies's payout ratio is currently 21.95%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction 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 directly owns 32,955 shares of the company's stock, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROP. Wellington Management Group LLP grew its position in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after acquiring an additional 345,268 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock valued at $360,811,000 after acquiring an additional 132,913 shares in the last quarter. State Street Corp grew its position in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock valued at $2,632,199,000 after acquiring an additional 132,575 shares in the last quarter. Vanguard Group Inc. grew its position in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company's stock valued at $5,648,796,000 after acquiring an additional 125,387 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after buying an additional 118,971 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other 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.