Roper Technologies, Inc. (NYSE:ROP) Announces Dividend Increase – $0.68 Per Share

Roper Technologies, Inc. (NYSE:ROP – Get Rating) announced a quarterly dividend on Thursday, March 16th, Zacks reports. Shareholders of record on Thursday, April 6th will be given a dividend of 0.683 per share by the industrial products company on Friday, April 21st. This represents a $2.73 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, April 5th. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.68.

Roper Technologies has increased its dividend payment by an average of 10.2% per year over the last three years and has increased its dividend annually for the last 30 consecutive years. Roper Technologies has a payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Roper Technologies to earn $17.03 per share next year, which means the company should continue to be able to cover its $2.73 annual dividend with an expected future payout ratio of 16.0%.

Roper Technologies Stock Down 0.6 %

ROP stock opened at $425.66 on Friday. The company has a market capitalization of $45.22 billion, a P/E ratio of 10.00, a PEG ratio of 2.54 and a beta of 1.03. The firm has a 50 day simple moving average of $431.95 and a 200-day simple moving average of $416.25. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. Roper Technologies has a twelve month low of $356.21 and a twelve month high of $488.23.

Roper Technologies (NYSE:ROP – Get Rating) last issued its earnings results on Friday, January 27th. The industrial products company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Roper Technologies had a net margin of 80.89% and a return on equity of 11.43%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.73 EPS. On average, equities research analysts predict that Roper Technologies will post 16.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on ROP shares. Wolfe Research raised shares of Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price objective for the company in a report on Thursday, February 23rd. The Goldman Sachs Group increased their price objective on shares of Roper Technologies from $423.00 to $468.00 and gave the stock a “neutral” rating in a research note on Thursday, December 15th. Barclays raised their target price on shares of Roper Technologies from $510.00 to $518.00 and gave the stock an “overweight” rating in a report on Monday, January 30th. Royal Bank of Canada upped their target price on Roper Technologies from $504.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Finally, StockNews.com initiated coverage on Roper Technologies in a research report on Thursday. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $495.67.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CEO Laurence Neil Hunn sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $443.57, for a total value of $2,217,850.00. Following the transaction, the chief executive officer now owns 112,048 shares of the company’s stock, valued at $49,701,131.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Roper Technologies news, Director Christopher Wright sold 471 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $429.55, for a total transaction of $202,318.05. Following the completion of the sale, the director now directly owns 38,127 shares of the company’s stock, valued at $16,377,452.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Neil Hunn sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $443.57, for a total transaction of $2,217,850.00. Following the completion of the transaction, the chief executive officer now owns 112,048 shares of the company’s stock, valued at $49,701,131.36. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

Several hedge funds have recently made changes to their positions in ROP. Menard Financial Group LLC grew its stake in Roper Technologies by 6.9% during the 4th quarter. Menard Financial Group LLC now owns 682 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 44 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Roper Technologies during the fourth quarter valued at approximately $282,000. Silvercrest Asset Management Group LLC increased its stake in Roper Technologies by 4.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 645 shares of the industrial products company’s stock valued at $279,000 after buying an additional 25 shares during the period. Evergreen Capital Management LLC purchased a new stake in Roper Technologies in the 4th quarter worth approximately $256,000. Finally, Azimuth Capital Investment Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at $250,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Roper Technologies Company Profile

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.