Roper Technologies, Inc. (NYSE:ROP) announced a quarterly dividend on Monday, September 25th, RTT News reports. Stockholders of record on Friday, October 6th will be given a dividend of 0.35 per share by the industrial products company on Friday, October 20th. This represents a $1.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, October 5th.

Roper Technologies has raised its dividend by an average of 34.3% annually over the last three years and has increased its dividend every year for the last 18 years. Roper Technologies has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $10.06 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 13.9%.

Roper Technologies (NYSE:ROP) opened at 249.86 on Wednesday. Roper Technologies has a one year low of $167.50 and a one year high of $249.94. The stock has a 50 day moving average price of $236.02 and a 200 day moving average price of $226.95. The firm has a market capitalization of $25.54 billion, a P/E ratio of 37.41 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its earnings results on Monday, July 31st. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.02. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Roper Technologies had a return on equity of 13.66% and a net margin of 16.44%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 EPS. On average, equities analysts predict that Roper Technologies will post $9.28 EPS for the current fiscal year.

Several equities research analysts recently weighed in on ROP shares. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $259.00 price objective for the company in a research report on Tuesday, July 4th. Raymond James Financial, Inc. increased their price objective on shares of Roper Technologies from $253.00 to $268.00 in a research note on Wednesday, July 5th. Stifel Nicolaus reissued a “buy” rating and issued a $242.00 target price on shares of Roper Technologies in a report on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and issued a $248.00 target price on shares of Roper Technologies in a report on Wednesday, July 12th. Finally, BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $244.17.

COPYRIGHT VIOLATION NOTICE: “Roper Technologies, Inc. (ROP) To Go Ex-Dividend on October 5th” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/04/roper-technologies-inc-rop-to-go-ex-dividend-on-october-5th.html.

In other news, Director Laura G. Thatcher sold 1,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $235.47, for a total transaction of $235,470.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at $2,590,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $245.00, for a total transaction of $1,225,000.00. Following the transaction, the vice president now owns 14,571 shares of the company’s stock, valued at $3,569,895. The disclosure for this sale can be found here. Insiders sold 11,500 shares of company stock valued at $2,754,530 in the last three months. Company insiders own 2.50% of the company’s stock.

About Roper Technologies

Dividend History for Roper Technologies (NYSE:ROP)

Receive News & Stock Ratings for Roper Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies Inc. and related stocks with our FREE daily email newsletter.