Roper Technologies, Inc. (NASDAQ:ROP) Raises Dividend to $1.00 Per Share

Roper Technologies, Inc. (NASDAQ:ROP) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, January 4th will be given a dividend of $1.00 per share by the industrial products company on Tuesday, January 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 4th. This is a 9.9% increase from Roper Technologies’s previous quarterly dividend of $0.91.

Roper Technologies has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 33 years. Roper Technologies has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $24.59 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 14.8%.

Roper Technologies Stock Performance

Shares of ROP opened at $492.22 on Thursday. Roper Technologies has a 12 month low of $305.96 and a 12 month high of $495.68. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $396.43 and its two-hundred day simple moving average is $366.45. The stock has a market capitalization of $48.75 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. The business had revenue of $2.17 billion during the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.14 earnings per share. As a group, analysts predict that Roper Technologies will post 22.38 EPS for the current year.

Insider Activity at Roper Technologies

In related news, EVP Jason Conley sold 12,000 shares of Roper Technologies stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the transaction, the executive vice president owned 28,457 shares in the company, valued at $12,393,877.21. This trade represents a 29.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John K. Stipancich sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $449.04, for a total value of $1,571,640.00. Following the transaction, the executive vice president owned 35,434 shares in the company, valued at approximately $15,911,283.36. The trade was a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Roper Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ascent Group LLC bought a new position in shares of Roper Technologies during the third quarter valued at about $1,903,000. Caldwell Trust Co bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $218,000. Rakuten Investment Management Inc. bought a new stake in shares of Roper Technologies during the 3rd quarter valued at $9,247,000. Third View Private Wealth LLC purchased a new stake in Roper Technologies in the third quarter worth about $256,000. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of Roper Technologies in the 3rd quarter worth approximately $63,000. 93.31% of the stock is currently owned by institutional investors.

About Roper Technologies

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.