DekaBank Deutsche Girozentrale Sells 4,364 Shares of Roper Technologies, Inc. (NYSE:ROP)

DekaBank Deutsche Girozentrale decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,049 shares of the industrial products company's stock after selling 4,364 shares during the period. DekaBank Deutsche Girozentrale owned about 0.17% of Roper Technologies worth $103,931,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the fourth quarter valued at about $26,000. MorganRosel Wealth Management LLC bought a new position in shares of Roper Technologies in the 1st quarter valued at approximately $27,000. Putney Financial Group LLC bought a new position in Roper Technologies in the 4th quarter worth $31,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Finally, Wayfinding Financial LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded down $5.95 during trading hours on Wednesday, hitting $558.64. The stock had a trading volume of 861,761 shares, compared to its average volume of 553,511. The company's fifty day moving average is $568.82 and its two-hundred day moving average is $560.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market capitalization of $60.06 billion, a price-to-earnings ratio of 38.96, a P/E/G ratio of 2.77 and a beta of 1.02.

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

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's payout ratio is presently 23.81%.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho set a $600.00 price target on Roper Technologies in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Oppenheimer restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Royal Bank Of Canada boosted their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

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.