Roper Technologies (ROP) Declares $0.68 Dividend
Roper Technologies said on September 27, 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.
Shareholders of record as of October 9, 2023 will receive the payment on October 23, 2023.
At the current share price of $488.15 / share, the stock's dividend yield is 0.56%.
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 0.02 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.10. 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.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1902 funds or institutions reporting positions in Roper Technologies. This is an increase of 23 owner(s) or 1.22% in the last quarter. Average portfolio weight of all funds dedicated to ROP is 0.48%, an increase of 0.47%. Total shares owned by institutions decreased in the last three months by 0.82% to 114,388K shares. 
The put/call ratio of ROP is 0.43, indicating a bullish outlook.
Analyst Price Forecast Suggests 13.69% Upside
As of October 5, 2023, the average one-year price target for Roper Technologies is 554.96. The forecasts range from a low of 479.75 to a high of $605.85. The average price target represents an increase of 13.69% from its latest reported closing price of 488.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Roper Technologies is 6,002MM, an increase of 3.80%. The projected annual non-GAAP EPS is 16.10.
What are Other Shareholders Doing?
Price T Rowe Associates holds 8,171K shares representing 7.66% ownership of the company. In it's prior filing, the firm reported owning 8,877K shares, representing a decrease of 8.64%. The firm decreased its portfolio allocation in ROP by 7.02% over the last quarter.
T. Rowe Price Investment Management holds 3,462K shares representing 3.24% ownership of the company. In it's prior filing, the firm reported owning 3,662K shares, representing a decrease of 5.79%. The firm decreased its portfolio allocation in ROP by 2.02% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,323K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,283K shares, representing an increase of 1.20%. The firm increased its portfolio allocation in ROP by 1.88% over the last quarter.
Franklin Resources holds 3,292K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 3,312K shares, representing a decrease of 0.62%. The firm increased its portfolio allocation in ROP by 363.18% over the last quarter.
Alliancebernstein holds 2,895K shares representing 2.71% ownership of the company. In it's prior filing, the firm reported owning 2,898K shares, representing a decrease of 0.10%. The firm increased its portfolio allocation in ROP by 3.89% 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.
Additional reading:
- Roper Technologies announces second quarter financial results Increasing full year guidance
- Roper Technologies announces move to Nasdaq
- Amended and Restated Certificate of Incorporation effective as of June 13, 2023 (incorporated herein by reference to Exhibit 3.1 to the Roper Technologies, Inc. Current Report on Form 8-K filed June 14, 2023).
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