Roper Technologies, Inc. (NYSE:ROP – Get Free Report) announced a quarterly dividend on Wednesday, September 18th, Wall Street Journal reports. Shareholders of record on Tuesday, October 8th will be given a dividend of 0.75 per share by the industrial products company on Monday, October 21st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Tuesday, October 8th.
Roper Technologies has decreased its dividend by an average of 0.0% annually over the last three years. Roper Technologies has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $19.68 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 15.2%.
Roper Technologies Stock Down 0.7 %
Shares of ROP opened at $544.86 on Monday. The stock has a market capitalization of $58.41 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.89 and a beta of 1.02. Roper Technologies has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a fifty day moving average of $546.04 and a 200-day moving average of $545.51.
Insider Activity at Roper Technologies
In other news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer reduced their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Royal Bank of Canada lifted their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $616.00.
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.
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