Roper Technologies Inc. (ROP) Raises Dividend to $0.35 Per Share
Roper Technologies Inc. (NYSE:ROP) declared a quarterly dividend on Tuesday, November 22nd. Investors of record on Monday, January 9th will be paid a dividend of 0.35 per share on Monday, January 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, January 5th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.30.
Roper Technologies (NYSE:ROP) opened at 183.79 on Wednesday. Roper Technologies has a 52 week low of $155.79 and a 52 week high of $195.93. The company has a market cap of $18.64 billion, a P/E ratio of 27.44 and a beta of 0.87. The company has a 50-day moving average of $175.70 and a 200-day moving average of $174.33.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.04. Roper Technologies had a net margin of 18.41% and a return on equity of 12.14%. The company earned $947.30 million during the quarter, compared to analysts’ expectations of $955.48 million. During the same quarter in the prior year, the company earned $1.61 EPS. Roper Technologies’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies will post $6.55 EPS for the current year.
Several analysts have recently weighed in on ROP shares. RBC Capital Markets reissued an “outperform” rating and issued a $214.00 price target (up previously from $211.00) on shares of Roper Technologies in a research note on Tuesday, November 1st. Canaccord Genuity reissued a “hold” rating and issued a $175.00 price target on shares of Roper Technologies in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. raised shares of Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 price target for the company in a research note on Monday, August 1st. Zacks Investment Research cut shares of Roper Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Finally, Royal Bank Of Canada dropped their price target on shares of Roper Technologies from $205.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and an average target price of $196.63.
A number of large investors have recently added to or reduced their stakes in ROP. Piedmont Investment Advisors LLC acquired a new stake in Roper Technologies during the third quarter worth about $292,000. Pacer Advisors Inc. raised its stake in Roper Technologies by 9.3% in the second quarter. Pacer Advisors Inc. now owns 1,848 shares of the company’s stock worth $315,000 after buying an additional 157 shares during the period. Veritable L.P. raised its stake in Roper Technologies by 8.1% in the second quarter. Veritable L.P. now owns 1,961 shares of the company’s stock worth $334,000 after buying an additional 147 shares during the period. Bank of Nova Scotia raised its stake in Roper Technologies by 6.9% in the second quarter. Bank of Nova Scotia now owns 2,013 shares of the company’s stock worth $343,000 after buying an additional 130 shares during the period. Finally, Tredje AP fonden acquired a new stake in Roper Technologies during the second quarter worth about $380,000. Institutional investors own 96.30% of the company’s stock.
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About Roper Technologies
Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.
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