DekaBank Deutsche Girozentrale Decreases Position in Roper Technologies, Inc. (NYSE:ROP)

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

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus reduced their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. 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. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $632.36.

Roper Technologies Trading Down 0.4%

NYSE ROP traded down $2.34 on Friday, hitting $547.46. The company's stock had a trading volume of 742,977 shares, compared to its average volume of 558,191. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company's 50-day simple moving average is $568.26 and its 200 day simple moving average is $560.73. The firm has a market cap of $58.86 billion, a P/E ratio of 38.18, a PEG ratio of 2.77 and a beta of 1.02.

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, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.41 earnings per share. Research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is presently 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.