Roper Technologies, Inc. (NYSE:ROP) Declares Quarterly Dividend of $0.83

Roper Technologies, Inc. (NYSE:ROP) announced a quarterly dividend on Friday, March 7th, RTT News reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.825 per share by the industrial products company on Tuesday, April 22nd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%.

Roper Technologies has raised its dividend payment by an average of 10.0% annually over the last three years. Roper Technologies has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Roper Technologies to earn $21.17 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 15.6%.

Roper Technologies Stock Performance

NYSE:ROP traded up $0.09 during midday trading on Friday, reaching $588.38. The stock had a trading volume of 462,558 shares, compared to its average volume of 494,965. The stock has a market capitalization of $63.18 billion, a P/E ratio of 41.03, a PEG ratio of 2.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies has a 1-year low of $499.47 and a 1-year high of $595.17. The firm’s fifty day simple moving average is $550.99 and its 200-day simple moving average is $550.92.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last quarter. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roper Technologies

A hedge fund recently bought a new stake in Roper Technologies stock. Brighton Jones LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 391 shares of the industrial products company’s stock, valued at approximately $203,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ROP shares. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $623.60.

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.