Roper Technologies Inc (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 annualized dividend and a yield of 0.58%.
Roper Technologies has raised its dividend payment by an average of 20.5% annually over the last three years and has increased its dividend every year for the last 19 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%.
Roper Technologies (NYSE:ROP) opened at $285.04 on Monday. The stock has a market capitalization of $29,309.66, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.09 and a beta of 1.06. Roper Technologies has a 1-year low of $203.50 and a 1-year high of $290.42. 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 29,606 shares of Roper Technologies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $277.03, for a total value of $8,201,750.18. Following the completion of the sale, the chief executive officer now owns 1,564,778 shares of the company’s stock, valued at $433,490,449.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 500 shares of Roper Technologies stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $283.99, for a total value of $141,995.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,326 shares of company stock valued at $120,612,905. Company insiders own 2.50% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Robert W. Baird reissued a “hold” rating on shares of Roper Technologies in a report on Monday, February 5th. Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Citigroup reissued an “outperform” rating and issued a $335.00 price target (up from $275.00) on shares of Roper Technologies in a report on Monday, February 5th. Cowen reissued a “buy” rating and issued a $310.00 price target on shares of Roper Technologies in a report on Tuesday, March 6th. Finally, Barclays assumed coverage on Roper Technologies in a report on Thursday, February 15th. They issued an “equal weight” rating and a $285.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $298.58.
Roper Technologies Company Profile
Roper Technologies, Inc is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.
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