Capital Investment Advisors and OLD National Bancorp IN have increased their stock holdings in Roper Technologies Inc. (ROP). The company has published their second quarter financial results and Wall Street anticipates earnings growth. CX Institutional and Cetera Advisors LLC also acquired more shares of ROP, alongside other institutional investors like Lazard Asset Management LLC, and Silvercrest Asset Management Group LLC. ROP posted strong revenue and EBITDA growth in Q4 and full year 2023. They also surpassed Q1 revenue estimates and raised their full-year guidance. ROP has also provided Q3 and FY 2024 earnings guidance. Despite the forecast of a Q3 profit below estimates due to weak enterprise spending, the company has a robust balance sheet and continues to make positive progress. They recently announced the acquisition of software firm Procare Solutions for $1.75 Billion, adding a significant growth driver for their portfolio. ROP's long-term compounding growth continues as stated in their start of 2024. ROP stock is consistently demonstrating strong performance and was recently upgraded by Robert W. Baird.
Roper Technologies ROP News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 11 Aug 2024 13:32:10 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
