Roper Technologies, Inc. to Issue Quarterly Dividend of $0.75 (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP) declared 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 yield of 0.53%. The ex-dividend date is Tuesday, October 8th.

Roper Technologies has decreased its dividend payment by an average of 0.0% per year over the last three years. Roper Technologies has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $19.67 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 15.3%.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded up $10.93 during trading on Thursday, reaching $560.86. The company’s stock had a trading volume of 521,362 shares, compared to its average volume of 498,379. Roper Technologies has a one year low of $474.46 and a one year 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 firm has a market cap of $60.04 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The business’s fifty day moving average price is $547.82 and its 200-day moving average price is $545.11.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities research analysts predict that Roper Technologies will post 18.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROP. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Oppenheimer dropped their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Four 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Insider Transactions 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 stock was 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 directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

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.