Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, October 2nd will be paid a dividend of 0.91 per share by the industrial products company on Wednesday, October 21st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd.
Roper Technologies has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Roper Technologies has a dividend payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $24.25 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 15.0%.
Roper Technologies Stock Up 0.6%
ROP opened at $397.08 on Friday. Roper Technologies has a twelve month low of $305.96 and a twelve month high of $546.52. The company’s 50-day moving average price is $352.58 and its two-hundred day moving average price is $351.62. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.78 and a beta of 0.74. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.57.
Analyst Ratings Changes
A number of research analysts have recently commented on ROP shares. BMO Capital Markets began coverage on Roper Technologies in a research report on Friday, July 10th. They set a “market perform” rating and a $393.00 price target on the stock. Raymond James Financial cut Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $407.00 to $417.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Robert W. Baird set a $480.00 price target on shares of Roper Technologies in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $466.94.
Read Our Latest Research Report on Roper Technologies
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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