Roper Technologies Inc (NYSE:ROP) announced a quarterly dividend on Monday, December 18th, RTT News reports. Shareholders of record on Tuesday, January 9th will be given a dividend of 0.4125 per share by the industrial products company on Tuesday, January 23rd. This represents a $1.65 annualized dividend and a yield of 0.65%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35.
Roper Technologies has raised its dividend payment by an average of 34.3% per year over the last three years and has increased its dividend annually for the last 18 consecutive years. Roper Technologies has a payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $10.08 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%.
Shares of Roper Technologies (NYSE ROP) opened at $252.62 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $25,856.13, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. Roper Technologies has a 12-month low of $182.03 and a 12-month high of $267.83.
In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the sale, the director now directly owns 14,038 shares in the company, valued at approximately $3,643,001.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jason Conley sold 5,000 shares of the business’s stock in a transaction on 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 owns 14,571 shares of the company’s stock, valued at $3,569,895. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,450 shares of company stock valued at $2,639,736. 2.50% of the stock is owned by company insiders.
ROP has been the topic of a number of analyst reports. J P Morgan Chase & Co raised Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Cowen reissued a “buy” rating and issued a $250.00 price target on shares of Roper Technologies in a research report on Thursday, October 12th. Royal Bank of Canada boosted their price target on Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Robert W. Baird boosted their price target on Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Roper Technologies has an average rating of “Buy” and an average target price of $253.67.
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About Roper Technologies
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