Roper Technologies Inc to Issue Quarterly Dividend of $0.46 (NYSE:ROP)

Roper Technologies Inc (NYSE:ROP) announced a quarterly dividend on Thursday, September 19th, RTT News reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.4625 per share by the industrial products company on Tuesday, October 22nd. This represents a $1.85 annualized dividend and a dividend yield of 0.52%.

Roper Technologies has increased its dividend by an average of 30.1% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Roper Technologies has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Roper Technologies to earn $13.31 per share next year, which means the company should continue to be able to cover its $1.85 annual dividend with an expected future payout ratio of 13.9%.

Shares of NYSE ROP traded down $1.19 during midday trading on Friday, hitting $355.34. The company’s stock had a trading volume of 5,672 shares, compared to its average volume of 408,172. The stock has a fifty day moving average price of $358.52 and a 200 day moving average price of $354.85. Roper Technologies has a one year low of $245.59 and a one year high of $385.51. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 2.53 and a beta of 1.16.



Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.02. Roper Technologies had a net margin of 21.16% and a return on equity of 16.70%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $2.89 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies will post 13.01 earnings per share for the current fiscal year.

In related news, Director Amy Woods Brinkley sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total transaction of $540,810.00. Following the sale, the director now owns 15,380 shares of the company’s stock, valued at approximately $5,545,105.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the sale, the director now directly owns 9,080 shares in the company, valued at approximately $3,296,403.20. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Several analysts have recently issued reports on ROP shares. Royal Bank of Canada boosted their price target on shares of Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price target on the stock. in a research report on Monday, September 9th. ValuEngine lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Barclays boosted their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Finally, Oppenheimer boosted their price target on shares of Roper Technologies from $375.00 to $400.00 in a research report on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $377.50.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Dividend History for Roper Technologies (NYSE:ROP)

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