Deutsche Bank AG Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Deutsche Bank AG raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 318,307 shares of the industrial products company’s stock after purchasing an additional 32,534 shares during the period. Deutsche Bank AG’s holdings in Roper Technologies were worth $165,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EP Wealth Advisors LLC increased its holdings in Roper Technologies by 37.5% in the 4th quarter. EP Wealth Advisors LLC now owns 740 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 202 shares in the last quarter. Camrose Capital Investment Partners LLP purchased a new stake in shares of Roper Technologies in the fourth quarter worth $9,767,000. Centiva Capital LP bought a new stake in shares of Roper Technologies during the 4th quarter valued at $430,000. Captrust Financial Advisors lifted its stake in shares of Roper Technologies by 2.1% during the 4th quarter. Captrust Financial Advisors now owns 9,964 shares of the industrial products company’s stock valued at $5,180,000 after buying an additional 204 shares in the last quarter. Finally, Caxton Associates LP bought a new position in Roper Technologies in the 4th quarter worth $353,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ROP shares. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James restated a “strong-buy” rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer reiterated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial restated a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird boosted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.91.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.8 %

Shares of NYSE ROP opened at $570.48 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm’s 50-day moving average price is $565.97 and its 200-day moving average price is $555.26. The stock has a market capitalization of $61.34 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $4.41 earnings per share. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.81%.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.