Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors 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) dividend on an annualized basis 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 annually for the last 2 consecutive years. Roper Technologies has a payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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%
Shares of NASDAQ:ROP opened at $397.08 on Friday. The stock has a market capitalization of $39.27 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The stock’s 50-day moving average price is $352.58 and its 200-day moving average price is $351.62. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57. Roper Technologies has a 12-month low of $305.96 and a 12-month high of $546.52.
Insider Buying and Selling
In related news, Director Richard F. Wallman sold 6,434 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $361.00, for a total value of $2,322,674.00. Following the completion of the transaction, the director directly owned 7,423 shares of the company’s stock, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John K. Stipancich sold 2,000 shares of Roper Technologies stock in a transaction on Monday, July 27th. The stock was sold at an average price of $379.05, for a total transaction of $758,100.00. Following the completion of the transaction, the executive vice president directly owned 35,634 shares of the company’s stock, valued at $13,507,067.70. The trade was a 5.31% 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 Trading of Roper Technologies
A number of large investors have recently made changes to their positions in ROP. Vanguard Group Inc. increased its holdings in Roper Technologies by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after purchasing an additional 1,384,656 shares during the period. State Street Corp increased its holdings in shares of Roper Technologies by 2.1% in the 4th quarter. State Street Corp now owns 5,092,005 shares of the industrial products company’s stock valued at $2,266,604,000 after acquiring an additional 105,250 shares during the period. Geode Capital Management LLC lifted its stake in shares of Roper Technologies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,641,573 shares of the industrial products company’s stock worth $1,172,099,000 after purchasing an additional 22,335 shares during the last quarter. Norges Bank bought a new stake in Roper Technologies during the fourth quarter valued at about $1,112,873,000. Finally, Invesco Ltd. raised its holdings in Roper Technologies by 11.0% in the fourth quarter. Invesco Ltd. now owns 1,861,975 shares of the industrial products company’s stock worth $828,821,000 after purchasing an additional 184,644 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.
About Roper Technologies
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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