Roper Technologies, Inc. (ROP) to Issue Quarterly Dividend of $0.83 on April 22nd

Roper Technologies, Inc. (NYSE:ROP) declared a quarterly dividend on Friday, March 7th, RTT News reports. Investors of record on Friday, April 4th will be given a dividend of 0.825 per share by the industrial products company on Tuesday, April 22nd. This represents a $3.30 annualized dividend and a yield of 0.56%.

Roper Technologies has raised its dividend payment by an average of 10.0% annually over the last three years. Roper Technologies has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Roper Technologies to earn $21.17 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 15.6%.

Roper Technologies Stock Performance

Shares of ROP stock opened at $588.38 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization of $63.18 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company’s 50 day moving average price is $552.27 and its two-hundred day moving average price is $551.22. Roper Technologies has a 52 week low of $499.47 and a 52 week high of $595.17.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Roper Technologies stock. Brighton Jones LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 391 shares of the industrial products company’s stock, valued at approximately $203,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird set a $665.00 target price on shares of Roper Technologies in a report on Friday, January 31st. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $623.60.

Roper Technologies Company Profile

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.