Roper Techs Stock (NASDAQ:ROP), Trade Ideas

Roper Techs

Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.

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Roper Technologies (NASDAQ: ROP) beat revenue and EPS estimates in Q1 2024, with a 14% Y/Y revenue growth and increased profits. FY24 outlook positive.

Software Provider Roper Tech Boosts Annual Outlook Following Q1 Performance: The Details

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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Roper Technologies reported Q4 FY23 results, beating estimates. Revenue up 13%, gross profit and operating income increased. Roper  anticipates full year 2024 adjusted EPS below Street view.

Why Software &amp; Technology Company Roper Shares Are Down Today

Roper Technologies Inc

Roper Technologies Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) reported&nbsp;fiscal first-quarter 2024 revenue growth of 14% year-on-year to $1.68 billion, beating the analyst consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38455590/roper-technologies-announces-first-quarter-financial-results" rel="noreferrer noopener">estimate of $1.65 billion</a>. Adjusted EPS of $4.41&nbsp;beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate of $4.34</a>.
Gross profit increased to $1.18 billion from $1.02 billion a year ago. Operating income increased to $483.9 million from $360.1 million the prior quarter.
Adjusted EBITDA rose 16%&nbsp;year over year&nbsp;to $676 million, and margin expanded by 60 basis points to 40.2%.
Operating cash flow for the quarter totaled $531 million, up by 14% Y/Y.
The company held $198.4 million in cash and equivalents as of March 31, 2024.
Neil Hunn, Roper Technologies&#8217; President and&nbsp;CEO&nbsp;said, &#8220;We completed our acquisition of Procare during the first quarter and remain excited about the value creation opportunity this represents for Roper.&#8221; &#8220;We are increasing our&nbsp;full year&nbsp;2024 outlook, supported by our strong first quarter results, continued customer demand for our businesses&#8217; mission critical solutions, and the ongoing expansion of our recurring revenue base.
Outlook:&nbsp;<a target="_blank" href="https://investors.ropertech.com/investors/webcasts-presentations/default.aspx" rel="noreferrer noopener">Roper expects FY24</a>&nbsp;revenue growth of ~12% (prior 11% &#8211; 12%) vs. consensus of $6.89 billion and adjusted EPS of $18.05 &#8211; $18.25 (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36869450/why-software-technology-company-roper-shares-are-down-today" rel="noreferrer noopener">prior $17.85 &#8211; $18.15</a>) vs. $18.12 estimate.
&nbsp;Roper expects adjusted EPS of $4.42 &#8211; $4.46 for its second quarter, compared to the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Street view of $4.49</a>.
Roper Technologies stock gained over 25% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco Water Resources ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHO#NASDAQ">PHO</a>) and&nbsp;First Trust Water ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIW#NYSE">FIW</a>).
<h2 class="wp-block-heading">Is Roper Tech A Good Stock To Buy?</h2>
Wall Street analysts view Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) on the whole as a Outperform, given the history of coverage over the past three months. Christopher Glynn from Oppenheimer in Roper Techs is the most optimistic, expecting a 12.07% rise in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Roper Techs fell 2.79%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 14.35% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href='https://www.benzinga.com/analyst-stock-ratings'>here</a>, while real time updates on the latest analyst actions will be delivered via <a href='https://pro.benzinga.com'>Benzinga PRO</a>. Try it for free.
Price Action: ROP shares closed higher by 0.45% at $540.41 at last check on Thursday.
Image: Shutterstock/ whiteMocca

Increasing full year 2024 guidance Total revenue: ~12% Previously +11 - 12% Organic: ~6% Previously +5 - 6% Adjusted DEPS: $18.05 - $18.25 Previously $17.85 - $18.15

Roper Technologies Expects FY24 Revenue Growth of ~12% YoY (Prior 11%-12%) Vs $6.89B Est, Organic Revenue Growth of ~6% YoY (Prior 5%-6%)

Increasing 2024&nbsp;guidance
Roper now expects full year 2024 adjusted DEPS of&nbsp;$18.05&nbsp;-&nbsp;$18.25, compared to previous&nbsp;guidance&nbsp;of&nbsp;$17.85&nbsp;-&nbsp;$18.15.
For the&nbsp;second quarter&nbsp;of 2024, the Company expects adjusted DEPS of&nbsp;$4.42&nbsp;-&nbsp;$4.46.

Roper Technologies Expects Q2 Adj EPS of $4.42-$4.46 Vs $4.49 Est, FY24 Adj EPS of $18.05-$18.25 (Prior $17.85-$18.15) Vs $18.12 Est

Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) reported quarterly earnings of $4.41 per share which beat the analyst consensus estimate of $4.34 by 1.61 percent. This is a 13.08 percent increase over earnings of $3.90 per share from the same period last year. The company reported quarterly sales of $1.681 billion which beat the analyst consensus estimate of $1.653 billion by 1.66 percent. This is a 14.33 percent increase over sales of $1.470 billion the same period last year.

Earnings Beats

Roper Techs Q1 2024 Adj EPS $4.41 Beats $4.34 Estimate, Sales $1.681B Beat $1.653B Estimate

Barclays analyst Julian Mitchell maintains Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Overweight and raises the price target from $596 to $600.

Barclays Maintains Overweight on Roper Techs, Raises Price Target to $600

Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) has outperformed the market over the past 10 years by 4.54% on an annualized basis producing an average annual return of 15.29%. Currently, Roper Techs has a market capitalization of $59.50 billion. 
Buying $1000 In ROP: If an investor had bought $1000 of ROP stock 10 years ago, it would be worth $4,182.65 today based on a price of $556.00 for ROP at the time of writing.
<h3>Roper Techs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711569625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Roper Techs 10 Years Ago Would Be Worth Today

9 analysts have expressed a variety of opinions on Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Roper Techs, presenting an average target of $595.89, a high estimate of $650.00, and a low estimate of $525.00. Surpassing the previous average price target of $568.86, the current average has increased by 4.75%.
<img src="https://www.benzinga.com/files/images/story/2024/1711116033_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Roper Techs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$650.00</td>
<td>$580.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$596.00</td>
<td>$580.00</td>
</tr>
<tr>
<td>Brian Gesuale</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$620.00</td>
<td>$572.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$525.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$622.00</td>
<td>$620.00</td>
</tr>
<tr>
<td>Christopher Glynn</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$580.00</td>
<td>-</td>
</tr>
<tr>
<td>Allison Poliniak</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$615.00</td>
<td>$560.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$620.00</td>
<td>$570.00</td>
</tr>
<tr>
<td>Joseph Giordano</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$535.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Roper Techs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Roper Techs compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Roper Techs's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Roper Techs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ROP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Roper Techs analyst ratings.</a>
<h2>Unveiling the Story Behind Roper Techs</h2>
Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.
<h3>Understanding the Numbers: Roper Techs's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Roper Techs showcased positive performance, achieving a revenue growth rate of 12.76% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Roper Techs's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 24.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Roper Techs's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.26%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.38%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Roper Techs's debt-to-equity ratio is below the industry average at 0.37, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Roper Techs: Insights From 9 Financial Analysts

Oppenheimer analyst Christopher Glynn maintains Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Outperform and raises the price target from $580 to $650.

Oppenheimer Maintains Outperform on Roper Techs, Raises Price Target to $650

Roper Techs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NYSE">ROP</a>) short percent of float has fallen 13.51% since its last report. The company recently reported that it has 1.36 million shares sold short, which is 1.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Roper Techs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710522017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Roper Techs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Roper Techs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Roper Techs's peer group average for short interest as a percentage of float is 4.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

(ROP) - Analyzing Roper Techs's Short Interest

Roper Techs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NYSE">ROP</a>) short percent of float has fallen 13.51% since its last report. The company recently reported that it has 1.36 million shares sold short, which is 1.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Roper Techs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709152216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Roper Techs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Roper Techs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Roper Techs's peer group average for short interest as a percentage of float is 3.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Roper Techs?

Barclays analyst Julian Mitchell maintains Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Overweight and raises the price target from $580 to $596.

Barclays Maintains Overweight on Roper Techs, Raises Price Target to $596

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>JP Morgan cut the price target for WEC Energy Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wec#NYSE">WEC</a>) from $90 to $84. JP Morgan analyst Jeremy Tonet downgraded the stock from Neutral to Underweight. WEC Energy shares gained 1.3% to close at $81.78 on Thursday. <a href="https://www.benzinga.com/quote/WEC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Macy&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>) price target from $14 to $18. Citigroup analyst Paul Lejuez upgraded the stock from Sell to Neutral. Macy&#39;s shares rose 0.8% to close at $18.44 on Thursday. <a href="https://www.benzinga.com/quote/M/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted the price target for Hologic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holx#NASDAQ">HOLX</a>) from $83 to $90. Needham analyst Mike Matson maintained a Buy rating. Hologic shares fell 0.1% to close at $74.41 on Thursday. <a href="https://www.benzinga.com/quote/HOLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) price target from $190 to $225. JP Morgan analyst Doug Anmuth maintained an Overweight rating. Amazon shares gained 2.6% to close at $159.28 on Thursday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James boosted the price target for Roper Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rop#NYSE">ROP</a>) from $572 to $620. Raymond James analyst Brian Gesuale maintained a Strong Buy rating. Roper Technologies shares rose 1.6% to close at $545.81 on Thursday. <a href="https://www.benzinga.com/quote/ROP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group increased the price target for Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) from $850 to $930. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating. Deckers Outdoor shares gained 2.5% to close at $772.85 on Thursday. <a href="https://www.benzinga.com/quote/DECK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital cut Gold Fields Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gfi#NYSE">GFI</a>) price target from $14 to $12. BMO Capital analyst Andrew Kaip downgraded the stock from Market Perform to Underperform. Gold Fields shares rose 6.8% to close at $15.81 on Thursday. <a href="https://www.benzinga.com/quote/GFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank slashed New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) price target from $15 to $7. Deutsche Bank analyst Bernard von-Gizycki downgraded the stock from Buy to Hold. New York Community Bancorp shares dipped 11.1% to close at $5.75 on Thursday. <a href="https://www.benzinga.com/quote/NYCB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Microchip Technology Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mchp#NASDAQ">MCHP</a>) price target from $85&nbsp;to&nbsp;$90. Needham analyst Quinn Bolton maintained a Buy rating. Microchip Technology shares rose 0.6% to close at $85.65 on Thursday. <a href="https://www.benzinga.com/quote/MCHP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. boosted Lancaster Colony Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lanc#NASDAQ">LANC</a>) price target from $205&nbsp;to&nbsp;$218. Stephens &amp; Co. analyst Jim Salera downgraded the stock from Overweight to Equal-Weight. Lancaster Colony shares jumped 11% to close at $204.04 on Thursday. <a href="https://www.benzinga.com/quote/WEC/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/36904348/amazon-apple-and-3-stocks-to-watch-heading-into-friday"> Amazon, Apple And 3 Stocks To Watch Heading Into Friday </a>

Raymond James analyst Brian Gesuale maintains Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Strong Buy and raises the price target from $572 to $620.

Raymond James Maintains Strong Buy on Roper Techs, Raises Price Target to $620

Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) has outperformed the market over the past 10 years by 4.42% on an annualized basis producing an average annual return of 15.19%. Currently, Roper Techs has a market capitalization of $57.36 billion. 
Buying $100 In ROP: If an investor had bought $100 of ROP stock 10 years ago, it would be worth $411.21 today based on a price of $537.00 for ROP at the time of writing.
<h3>Roper Techs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706815817_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Roper Techs 10 Years Ago Would Be Worth This Much Today

Oppenheimer analyst Christopher Glynn reiterates Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Outperform and maintains $580 price target.

Reiteration

Oppenheimer Reiterates Outperform on Roper Techs, Maintains $580 Price Target

RBC Capital analyst Deane Dray maintains Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Outperform and raises the price target from $620 to $622.

RBC Capital Maintains Outperform on Roper Techs, Raises Price Target to $622

Mizuho analyst Brett Linzey maintains Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) with a Neutral and raises the price target from $500 to $525.

Mizuho Maintains Neutral on Roper Techs, Raises Price Target to $525-Report Released on 31 January 2024

WIIM

Roper Technologies shares are trading lower after the company issued soft FY24 EPS guidance.

Roper Technologies Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) shares are trading lower after it reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/g36862984/roper-technologies-announces-2023-financial-results" rel="noreferrer noopener">fourth-quarter FY23 results</a>.
Revenue increased 13% Y/Y to $1.61 billion, beating the analyst consensus estimate of $1.58 billion.
Gross profit increased to $1.125 billion from $1.002 billion a year ago. Operating income climbed to $462.8 million from $412.5 million the prior year quarter.
Adjusted EBITDA rose 11% Y/Y to $659 million, while the adjusted EBITDA margin contracted 60 basis points to 40.8%.
Adjusted EPS of $4.37&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the analyst consensus estimate of $4.34.</a>
Operating cash flow for the quarter totaled $622 million, with an adjusted operating cash flow rising 34% to $638 million.
The company held $214.3 million in cash and equivalents as of December 31, 2023.
Outlook: Roper expects FY24 revenue growth of 11%-12% vs. consensus of $6.69 billion and adjusted EPS of $17.85-$18.15 vs. $18.33 estimate.
For its first quarter, Roper expects adjusted EPS of $4.30-$4.34 <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">against the Street view of $4.32.</a>
Neil Hunn, President and CEO said, &#8220;We&#8217;re entering 2024 with continued positive momentum, fueled by the ongoing expansion of our recurring revenue base and demand for our businesses&#8217; mission critical solutions. In addition, as previously announced last week, we reached an agreement to acquire Procare Solutions, a leading software provider for the childcare market. Procare is a terrific, high-growth addition to the Roper portfolio.&#8221;
Price Action: ROP shares are down 3.04% at $544.53 on the last check Wednesday.

Why Software & Technology Company Roper Shares Are Down Today

Roper expects full year 2024 adjusted DEPS of&nbsp;$17.85&nbsp;-&nbsp;$18.15&nbsp;with&nbsp;first quarter&nbsp;adjusted DEPS of&nbsp;$4.30&nbsp;-&nbsp;$4.34. The Company expects full year total revenue growth of +11 &ndash;&nbsp;12%&nbsp;and organic revenue growth of +5 &ndash;&nbsp;6%.

Roper Technologies Expects FY24 Revenue Growth of 11%–12% YoY Vs $6.69B Est, Adj EPS of $17.85-$18.15 Vs $18.33 Est; Q1 Adj EPS of $4.30-$4.34 Vs $4.32 Est

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Roper Technologies (ROP – Research Report), with a price targe...

New Buy Rating for Roper Technologies (ROP), the Technology Giant

Roper Technologies (ROP) has issued an announcement. Roper Technologies, Inc. has bolstered its Board of Directors with the election of John F. Mur...

Roper Technologies Elects John F. Murphy to Board

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Notable earnings before Friday's open

Roper Q1 2024 Earnings Preview

Roper Non-GAAP EPS of $4.41 beats by $0.07, revenue of $1.68B beats by $30M

In a report released today, Terry Tillman from Truist Financial reiterated a Buy rating on Roper Technologies (ROP – Research Report). The company'...

Roper Technologies (ROP): New Buy Recommendation for This Technology Giant

Roper Technologies, Inc. (ROP) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Roper Techs (NASDAQ:<a href="https://investorplace.com/stock-quotes/rop-stock-quote/">ROP</a>) just reported results for the first quarter of 2024.<ul><li>Roper Techs reported earnings per share of $4.41. This was above the analyst estimate for EPS of $4.34.</li><li>The company reported revenue of $1.68 billion.</li><li>This was 1.88% better than the analyst estimate for revenue of $1.65 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/rop-stock-earnings-roper-techs-for-q1-of-2024/">ROP Stock Earnings: Roper Techs Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.