Roper Technologies, Inc. (NYSE:ROP) Increases Dividend to $0.83 Per Share

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Shareholders of record on Friday, January 3rd will be given a dividend of 0.825 per share by the industrial products company on Friday, January 17th. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies's previous quarterly dividend of $0.75.

Roper Technologies has decreased its dividend by an average of 0.0% annually over the last three years. Roper Technologies has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Roper Technologies to earn $19.81 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 15.1%.

Roper Technologies Price Performance

Shares of ROP traded down $4.64 on Friday, reaching $567.62. The stock had a trading volume of 391,881 shares, compared to its average volume of 496,471. The firm has a 50-day moving average of $551.46 and a 200 day moving average of $546.62. The firm has a market capitalization of $60.87 billion, a PE ratio of 41.52, a PEG ratio of 2.95 and a beta of 1.03. Roper Technologies has a twelve month low of $508.07 and a twelve month high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company earned $4.32 earnings per share. Roper Technologies's revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that Roper Technologies will post 18.24 EPS for the current year.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent research reports. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $620.80.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company's stock.

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.