Roper Technologies (ROP) To Go Ex-Dividend on April 6th

Roper Technologies (NYSE:ROP) declared a quarterly dividend on Monday, March 12th, RTT News reports. Investors of record on Monday, April 9th will be paid a dividend of 0.4125 per share by the industrial products company on Monday, April 23rd. This represents a $1.65 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, April 6th.

Roper Technologies has increased its dividend by an average of 20.5% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. Roper Technologies has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Roper Technologies to earn $12.02 per share next year, which means the company should continue to be able to cover its $1.65 annual dividend with an expected future payout ratio of 13.7%.

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NYSE ROP opened at $280.69 on Friday. The firm has a market cap of $28,862.23, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.06 and a beta of 1.06. Roper Technologies has a fifty-two week low of $204.62 and a fifty-two week high of $292.97. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, February 2nd. The industrial products company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.09. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Roper Technologies had a net margin of 21.09% and a return on equity of 15.28%. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 earnings per share. sell-side analysts predict that Roper Technologies will post 11.07 earnings per share for the current year.

In other news, CEO Brian D. Jellison sold 37,220 shares of Roper Technologies stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $277.01, for a total transaction of $10,310,312.20. Following the transaction, the chief executive officer now owns 1,459,892 shares in the company, valued at $404,404,682.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman purchased 500 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were acquired at an average price of $282.59 per share, for a total transaction of $141,295.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 358,826 shares of company stock worth $99,453,060. 2.50% of the stock is owned by company insiders.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Robert W. Baird reaffirmed a “hold” rating on shares of Roper Technologies in a research note on Monday, February 5th. Royal Bank of Canada boosted their target price on shares of Roper Technologies to $319.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Citigroup reaffirmed an “outperform” rating and set a $335.00 target price (up previously from $275.00) on shares of Roper Technologies in a research note on Monday, February 5th. Finally, Canaccord Genuity boosted their target price on shares of Roper Technologies from $260.00 to $310.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Roper Technologies has an average rating of “Buy” and an average price target of $298.58.

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Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions. It operates in four segments: RF Technology; Medical & Scientific Imaging; Industrial Technology; and Energy Systems & Controls. The company offers radio frequency identification (RFID) communication technology and software solutions, including application management software, software-as-a-service applications, card systems/integrated security solutions, toll and traffic systems, RFID card readers, and metering and remote monitoring products.

Dividend History for Roper Technologies (NYSE:ROP)

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