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

Roper Technologies, Inc. (NYSE:ROPGet Free Report) announced a quarterly dividend on Thursday, March 14th, RTT News reports. Investors of record on Friday, April 5th will be paid a dividend of 0.75 per share by the industrial products company on Monday, April 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Thursday, April 4th.

Roper Technologies has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $19.55 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 15.3%.

Roper Technologies Stock Down 1.4 %

Shares of ROP opened at $545.94 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a market capitalization of $58.43 billion, a PE ratio of 33.13, a P/E/G ratio of 2.92 and a beta of 0.99. The company’s 50-day simple moving average is $549.13 and its 200-day simple moving average is $527.96. Roper Technologies has a 1 year low of $430.03 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm posted $3.92 EPS. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts forecast that Roper Technologies will post 18.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent research reports. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Raymond James raised their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada raised their price target on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Check Out Our Latest Research Report on ROP

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Roper Technologies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,946,641 shares of the industrial products company’s stock worth $5,422,610,000 after acquiring an additional 164,486 shares during the period. State Street Corp raised its stake in shares of Roper Technologies by 1.6% during the 1st quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock worth $1,892,695,000 after purchasing an additional 68,038 shares in the last quarter. Morgan Stanley raised its stake in shares of Roper Technologies by 2.9% during the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock worth $1,473,416,000 after purchasing an additional 95,728 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Roper Technologies by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock worth $873,554,000 after purchasing an additional 135,524 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Roper Technologies by 68,873.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock worth $745,065,000 after purchasing an additional 1,721,828 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

About Roper Technologies

(Get Free Report)

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.

Further Reading

Dividend History for Roper Technologies (NYSE:ROP)

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