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Roper Industries (NYSE:ROP) shares reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company, StockRatingsNetwork.com reports. The stock traded as high as $147.18 and last traded at $147.04, with a volume of 358,882 shares changing hands. The stock had previously closed at $146.59.

The newly announced dividend is scheduled for Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.54%.

A number of analysts have recently weighed in on ROP shares. Analysts at Barclays raised their price target on shares of Roper Industries from $150.00 to $163.00 in a research note on Thursday, May 8th. They now have an “overweight” rating on the stock. Analysts at Canaccord Genuity raised their price target on shares of Roper Industries from $135.00 to $140.00 in a research note on Tuesday, April 29th. They now have a “hold” rating on the stock.

The stock has a 50-day moving average of $141.4 and a 200-day moving average of $136.4. The company has a market cap of $14.673 billion and a P/E ratio of 26.27.

Roper Industries (NYSE:ROP) last announced its earnings results on Monday, April 28th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $829.22 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Roper Industries will post $6.30 EPS for the current fiscal year.

Roper Industries, Inc (NYSE:ROP) designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.

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