Roper Technologies, Inc. (ROP) to Issue Quarterly Dividend of $0.83 on January 17th

Roper Technologies, Inc. (NYSE:ROP) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.825 per share by the industrial products company on Friday, January 17th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75.

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 15.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $19.81 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 15.1%.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $567.62 on Friday. Roper Technologies has a one year low of $508.07 and a one year high of $579.10. The stock has a fifty day moving average of $551.46 and a 200-day moving average of $546.62. The company has a market capitalization of $60.87 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 2.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies will post 18.24 EPS for the current fiscal year.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Oppenheimer reduced their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Truist Financial restated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Three research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

About Roper Technologies

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.