Roper Technologies, Inc. (NYSE:ROP) Plans $0.75 Quarterly Dividend

Roper Technologies, Inc. (NYSE:ROP) announced 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 annualized dividend and a yield of 0.55%. The ex-dividend date is Tuesday, October 8th.

Roper Technologies has decreased its dividend by an average of 0.0% per year over the last three years. Roper Technologies has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $19.68 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 15.2%.

Roper Technologies Stock Down 0.7 %

Roper Technologies stock opened at $544.86 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company’s 50-day moving average is $546.04 and its 200-day moving average is $545.51. The firm has a market capitalization of $58.41 billion, a PE ratio of 39.54, a P/E/G ratio of 2.89 and a beta of 1.02. Roper Technologies has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts anticipate that Roper Technologies will post 18.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Oppenheimer reduced their target price 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 shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

Roper Technologies Company Profile

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.