Deutsche Bank AG Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Deutsche Bank AG lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,307 shares of the industrial products company's stock after acquiring an additional 32,534 shares during the period. Deutsche Bank AG owned approximately 0.30% of Roper Technologies worth $165,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies in the fourth quarter worth $26,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies in the 4th quarter worth about $36,000. OFI Invest Asset Management bought a new position in Roper Technologies during the 4th quarter valued at about $38,000. Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after acquiring an additional 75 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Roper Technologies stock traded up $1.23 during midday trading on Tuesday, hitting $577.07. The stock had a trading volume of 554,638 shares, compared to its average volume of 551,436. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a market capitalization of $62.04 billion, a PE ratio of 40.24, a P/E/G ratio of 2.77 and a beta of 1.08. The firm's fifty day moving average is $565.61 and its two-hundred day moving average is $555.68. 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 (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the previous year, the firm earned $4.41 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. The trade was a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ROP shares. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Robert W. Baird raised their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $620.91.

Roper Technologies Company Profile

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.