Roper Technologies Inc (NYSE:ROP) Plans $0.46 Quarterly Dividend

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.

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

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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Dividend History for Roper Technologies (NYSE:ROP)

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