Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors 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 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, January 4th. This is a 9.9% increase from Roper Technologies’s previous quarterly dividend of $0.91.
Roper Technologies has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 33 consecutive years. Roper Technologies has a payout ratio of 16.8% indicating that 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 Up 3.9%
Shares of ROP opened at $492.22 on Thursday. The firm has a market cap of $48.75 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. Roper Technologies has a fifty-two week low of $305.96 and a fifty-two week high of $495.68. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $396.43 and its two-hundred day moving average is $366.45.
Roper Technologies (NASDAQ:ROP – Get Free Report) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The firm had revenue of $2.17 billion during the quarter. During the same period last year, the company posted $5.14 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts forecast that Roper Technologies will post 22.38 earnings per share for the current year.
Roper Technologies Company Profile
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.
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