Roper Technologies, Inc. (NYSE:ROP) Declares Dividend Increase – $0.83 Per Share

Roper Technologies, Inc. (NYSE:ROP) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.825 per share by the industrial products company on Friday, January 17th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75.

Roper Technologies has decreased its dividend payment by an average of 0.0% annually over the last three years. Roper Technologies has a payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $19.81 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 15.1%.

Roper Technologies Trading Down 0.8 %

Shares of NYSE:ROP opened at $567.62 on Friday. The company has a market cap of $60.87 billion, a P/E ratio of 41.52, a P/E/G ratio of 2.95 and a beta of 1.03. The stock’s 50-day moving average is $551.46 and its 200-day moving average is $546.62. Roper Technologies has a 52-week low of $508.07 and a 52-week high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the company earned $4.32 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Roper Technologies will post 18.24 earnings per share for the current year.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three 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 has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

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.