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.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. Roper Technologies had a return on equity of 14.47% and a net margin of 16.17%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm posted $1.65 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. equities research analysts anticipate that Roper Technologies will post 9.31 earnings per share for the current year.

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

Dividend History for Roper Technologies (NYSE:ROP)

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