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

Key Points

• Roper Technologies, Inc. has announced a quarterly dividend of $0.83 per share, payable on October 17th to stockholders of record as of October 3rd.
• The company's dividend payout ratio stands at 15.2%, indicating strong earnings coverage for the dividend, with expected future earnings enabling continued support.
• Roper Technologies stock recently traded up 0.7% to reach $541.84, with a market capitalization of $58.26 billion and a P/E ratio of 37.79.

Roper Technologies, Inc. (NYSE:ROP - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Friday, October 3rd will be paid a dividend of 0.825 per share by the industrial products company on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 0.6%.

Roper Technologies has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.7%

Shares of Roper Technologies stock traded up $3.91 on Wednesday, reaching $541.84. 493,569 shares of the company were exchanged, compared to its average volume of 616,320. Roper Technologies has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $58.26 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. 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 stock has a fifty day moving average price of $560.90 and a 200-day moving average price of $565.05.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 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 $4.48 earnings per share. Roper Technologies's quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts expect that Roper Technologies will post 19.96 EPS for the current year.

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.

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