Roper Technologies, Inc. Plans Quarterly Dividend of $0.35 (ROP)
Roper Technologies, Inc. (NYSE:ROP) declared a quarterly dividend on Monday, September 25th, RTT News reports. Investors of record on Friday, October 6th will be paid a dividend of 0.35 per share by the industrial products company on Friday, October 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.57%.
Roper Technologies has raised its dividend by an average of 34.3% per year over the last three years and has raised its dividend annually for the last 18 consecutive years. Roper Technologies has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $10.06 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 13.9%.
Roper Technologies (NYSE ROP) traded down 0.92% during trading on Monday, reaching $243.90. 146,149 shares of the company’s stock traded hands. The stock has a market capitalization of $24.93 billion, a P/E ratio of 36.52 and a beta of 1.05. Roper Technologies has a 1-year low of $167.50 and a 1-year high of $247.54. The stock has a 50-day moving average price of $233.00 and a 200 day moving average price of $224.52.
Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.02. Roper Technologies had a net margin of 16.44% and a return on equity of 13.66%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $1.56 EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts expect that Roper Technologies will post $9.28 earnings per share for the current year.
In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the sale, the vice president now directly owns 14,571 shares in the company, valued at approximately $3,569,895. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura G. Thatcher sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $235.47, for a total transaction of $235,470.00. Following the sale, the director now owns 11,000 shares in the company, valued at $2,590,170. The disclosure for this sale can be found here. Insiders have sold a total of 11,500 shares of company stock valued at $2,754,530 over the last three months. 2.50% of the stock is currently owned by company insiders.
Several research analysts have recently commented on ROP shares. Raymond James Financial, Inc. lifted their price target on shares of Roper Technologies from $253.00 to $268.00 in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $260.00 price target for the company in a report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $248.00 price target on shares of Roper Technologies in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $242.00 price target on shares of Roper Technologies in a report on Friday, July 7th. Finally, BidaskClub lowered shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $243.08.
About Roper Technologies
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