Roper Technologies (ROP) Declares $0.68 Dividend

Roper Technologies said on March 16, 2023 that its board of directors declared a regular quarterly dividend of $0.68 per share ($2.73 annualized). Previously, the company paid $0.68 per share.

Shares must be purchased before the ex-div date of April 5, 2023 to qualify for the dividend. Shareholders of record as of April 6, 2023 will receive the payment on April 21, 2023.

At the current share price of $425.66 / share, the stock's dividend yield is 0.64%. Looking back five years and taking a sample every week, the average dividend yield has been 0.56%, the lowest has been 0.46%, and the highest has been 0.81%. The standard deviation of yields is 0.06 (n=235).

The current dividend yield is 1.36 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.

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Analyst Price Forecast Suggests 17.62% Upside

As of March 17, 2023, the average one-year price target for Roper Technologies is $500.65. The forecasts range from a low of $388.85 to a high of $577.50. The average price target represents an increase of 17.62% from its latest reported closing price of $425.66.

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The projected annual revenue for Roper Technologies is $6,002MM, an increase of 11.73%. The projected annual non-GAAP EPS is $16.10.

What is the Fund Sentiment?

There are 1908 funds or institutions reporting positions in Roper Technologies. This is an increase of 56 owner(s) or 3.02% in the last quarter. Average portfolio weight of all funds dedicated to ROP is 0.49%, a decrease of 0.00%. Total shares owned by institutions increased in the last three months by 1.11% to 117,839K shares. The put/call ratio of ROP is 0.86, indicating a bullish outlook.

What are Large Shareholders Doing?

Price T Rowe Associates holds 8,441K shares representing 7.94% ownership of the company. In it's prior filing, the firm reported owning 7,947K shares, representing an increase of 5.85%. The firm increased its portfolio allocation in ROP by 24.93% over the last quarter.

T. Rowe Price Investment Management holds 3,337K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 4,418K shares, representing a decrease of 32.37%. The firm decreased its portfolio allocation in ROP by 12.82% over the last quarter.

Franklin Resources holds 3,327K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 3,335K shares, representing a decrease of 0.26%. The firm decreased its portfolio allocation in ROP by 74.76% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,223K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 3,167K shares, representing an increase of 1.73%. The firm increased its portfolio allocation in ROP by 12.91% over the last quarter.

Principal Financial Group holds 2,618K shares representing 2.46% ownership of the company. In it's prior filing, the firm reported owning 2,653K shares, representing a decrease of 1.34%. The firm decreased its portfolio allocation in ROP by 39.19% over the last quarter.

Roper Technologies Background Information
(This description is provided by the company.)

Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets.

This story originally appeared on Fintel.