Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Wednesday, July 8th will be given a dividend of 0.91 per share by the industrial products company on Wednesday, July 22nd. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, July 8th.
Roper Technologies has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Roper Technologies has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Roper Technologies to earn $23.78 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 15.3%.
Roper Technologies Stock Performance
NASDAQ:ROP opened at $328.91 on Wednesday. The firm has a market capitalization of $33.19 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. The business’s fifty day moving average price is $350.04 and its 200 day moving average price is $389.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. Roper Technologies has a 12 month low of $305.96 and a 12 month high of $583.95.
Institutional Investors Weigh In On Roper Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of ROP. Field & Main Bank acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $25,000. Private Wealth Management Group LLC lifted its position in shares of Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $33,000. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $36,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
About Roper Technologies
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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