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.
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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