Roper Technologies Inc (NYSE:ROP) declared a quarterly dividend on Thursday, September 19th, RTT News reports. Shareholders 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 yield of 0.52%.
Roper Technologies has raised its dividend payment by an average of 30.1% annually over the last three years and has raised its dividend every year for the last 20 years. Roper Technologies has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. 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%.
ROP traded down $0.46 during midday trading on Friday, hitting $356.07. 6,354 shares of the company traded hands, compared to its average volume of 408,172. 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 company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.53 and a beta of 1.16. Roper Technologies has a 52-week low of $245.59 and a 52-week high of $385.51. The business has a 50 day simple moving average of $358.52 and a two-hundred day simple moving average of $354.85.
ROP has been the topic of several recent analyst reports. ValuEngine downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Raymond James raised their price target on shares of Roper Technologies from $370.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Zacks Investment Research downgraded 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 note on Monday, September 9th. Royal Bank of Canada raised their price target on shares of Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Finally, Barclays raised their price target on shares of Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Roper Technologies presently has a consensus rating of “Buy” and an average target price of $377.50.
In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $363.04, for a total value of $181,520.00. Following the transaction, the director now directly owns 9,080 shares of the company’s stock, valued at $3,296,403.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy Woods Brinkley sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $360.54, for a total transaction of $540,810.00. Following the completion of the transaction, the director now directly owns 15,380 shares in the company, valued at $5,545,105.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
About Roper Technologies
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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