Roper Technologies, Inc. Announces Quarterly Dividend of $0.75 (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROPGet Free Report) announced a quarterly dividend on Thursday, March 14th, RTT News reports. Shareholders of record on Friday, April 5th will be paid a dividend of 0.75 per share by the industrial products company on Monday, April 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%.

Roper Technologies has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $19.55 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 15.3%.

Roper Technologies Stock Performance

Shares of ROP stock opened at $547.08 on Friday. The firm has a market capitalization of $58.55 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 2.90 and a beta of 0.99. The firm has a fifty day simple moving average of $544.68 and a two-hundred day simple moving average of $522.73. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies has a 12 month low of $416.77 and a 12 month high of $562.69.

Roper Technologies (NYSE:ROPGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 EPS. Analysts forecast that Roper Technologies will post 18.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ROP. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Wells Fargo & Company increased their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada increased their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays increased their price target on shares of Roper Technologies from $580.00 to $596.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Finally, Raymond James increased their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $557.00.

Check Out Our Latest Report on Roper Technologies

Hedge Funds Weigh In On Roper Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROP. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 9,946,641 shares of the industrial products company’s stock valued at $5,422,610,000 after acquiring an additional 164,486 shares in the last quarter. State Street Corp increased its holdings in shares of Roper Technologies by 1.6% during the first quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock valued at $1,892,695,000 after acquiring an additional 68,038 shares in the last quarter. Morgan Stanley increased its holdings in shares of Roper Technologies by 2.9% during the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock valued at $1,473,416,000 after acquiring an additional 95,728 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Roper Technologies by 7.3% during the first quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock valued at $873,554,000 after acquiring an additional 135,524 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in Roper Technologies by 68,873.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock worth $745,065,000 after buying an additional 1,721,828 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Roper Technologies Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for Roper Technologies (NYSE:ROP)

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