Roper Technologies, Inc. (NYSE:ROP) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $203,000. SBI Securities Co. Ltd. bought a new position in Roper Technologies in the fourth quarter valued at about $55,000. Proficio Capital Partners LLC grew its position in Roper Technologies by 14.2% in the fourth quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock valued at $280,000 after acquiring an additional 67 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Roper Technologies by 12.7% in the fourth quarter. Larson Financial Group LLC now owns 904 shares of the industrial products company's stock valued at $470,000 after buying an additional 102 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Roper Technologies during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROP. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Royal Bank Of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus dropped their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Trading Down 1.7%

ROP stock traded down $9.27 during midday trading on Thursday, reaching $549.38. 483,548 shares of the company traded hands, compared to its average volume of 611,837. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business has a 50 day moving average of $568.79 and a 200-day moving average of $560.20. The firm has a market capitalization of $59.07 billion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 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%. During the same quarter in the previous year, the business earned $4.41 EPS. The business's revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

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.