Roper Technologies, Inc. (ROP) To Go Ex-Dividend on October 5th
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.
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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
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