Roper Technologies, Inc. Plans Quarterly Dividend of $0.83 (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP) announced a quarterly dividend on Friday, March 7th, RTT News reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.825 per share by the industrial products company on Tuesday, April 22nd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, April 4th.

Roper Technologies has raised its dividend by an average of 10.0% annually over the last three years. Roper Technologies has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $21.17 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 15.6%.

Roper Technologies Trading Up 0.2 %

Shares of NYSE:ROP opened at $590.78 on Wednesday. The business’s 50 day moving average price is $573.39 and its 200-day moving average price is $554.28. Roper Technologies has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market capitalization of $63.44 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROP. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They issued a “buy” rating and a $685.00 target price on the stock. Oppenheimer increased their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $629.18.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares of the company’s stock, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

An institutional investor recently bought a new position in Roper Technologies stock. Brighton Jones LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 391 shares of the industrial products company’s stock, valued at approximately $203,000. 93.31% of the stock is currently owned by institutional investors.

About Roper Technologies

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.