Roper Technologies, Inc. (NASDAQ:ROP) Declares Quarterly Dividend of $1.00

Roper Technologies, Inc. (NASDAQ:ROP) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, January 4th will be paid a dividend of $1.00 per share by the industrial products company on Tuesday, January 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 4th. This is a 9.9% increase from Roper Technologies’s previous quarterly dividend of $0.91.

Roper Technologies has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 33 consecutive years. Roper Technologies has a payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Roper Technologies to earn $24.59 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 14.8%.

Roper Technologies Trading Up 3.9%

NASDAQ:ROP opened at $492.22 on Thursday. The stock’s 50 day moving average price is $396.43 and its 200 day moving average price is $366.45. Roper Technologies has a 52 week low of $305.96 and a 52 week high of $495.68. The company has a market capitalization of $48.75 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The firm had revenue of $2.17 billion during the quarter. During the same quarter last year, the firm earned $5.14 earnings per share. Roper Technologies’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts forecast that Roper Technologies will post 22.38 EPS for the current fiscal year.

Insider Transactions at Roper Technologies

In other news, EVP John K. Stipancich sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the sale, the executive vice president directly owned 35,434 shares in the company, valued at approximately $15,911,283.36. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jason Conley sold 12,000 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the completion of the sale, the executive vice president directly owned 28,457 shares in the company, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roper Technologies

Large investors have recently bought and sold shares of the business. Core Capital Management & Research inc. acquired a new position in Roper Technologies during the second quarter worth $2,472,000. PNC Financial Services Group Inc. increased its stake in Roper Technologies by 14.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 34,615 shares of the industrial products company’s stock valued at $12,249,000 after buying an additional 4,384 shares during the last quarter. Banyan Capital Management Inc. acquired a new stake in Roper Technologies in the 1st quarter valued at $6,439,000. Tidal Investments LLC increased its stake in Roper Technologies by 39.5% in the 2nd quarter. Tidal Investments LLC now owns 21,533 shares of the industrial products company’s stock valued at $7,287,000 after buying an additional 6,098 shares during the last quarter. Finally, Paralel Advisors LLC bought a new stake in Roper Technologies during the 2nd quarter worth about $2,210,000. 93.31% of the stock is currently owned by institutional investors.

About Roper Technologies

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.