Roper Technologies, Inc. Announces Quarterly Dividend of $0.83 (NYSE:ROP)

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) declared a quarterly dividend on Wednesday, June 11th, RTT News reports. Shareholders of record on Tuesday, July 8th will be given a dividend of 0.825 per share by the industrial products company on Tuesday, July 22nd. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%.

Roper Technologies has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. 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

Roper Technologies stock traded up $1.16 during mid-day trading on Thursday, reaching $570.72. The company's stock had a trading volume of 46,368 shares, compared to its average volume of 547,402. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market cap of $61.36 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies has a twelve month low of $499.47 and a twelve month high of $595.17. The business has a 50 day moving average price of $563.01 and a 200-day moving average price of $558.27.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the previous year, the firm earned $4.41 EPS. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies will post 19.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ROP shares. Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Raymond James reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roper Technologies stock. Brighton Jones LLC bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 391 shares of the industrial products company's stock, valued at approximately $203,000. Institutional investors and hedge funds own 93.31% of the company's stock.

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.