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%.
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.
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.
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