Deutsche Bank AG Acquires 39,354 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Deutsche Bank AG increased its holdings in Roper Technologies by 12.4%, acquiring an additional 39,354 shares, bringing its total to 357,661 shares valued at approximately $210.87 million.
• Roper Technologies recently reported a quarterly earnings per share (EPS) of $4.87, exceeding expectations, with revenues showing a 13.2% increase compared to the previous year.
• The company also declared a quarterly dividend of $0.825 per share, reflecting an annualized dividend of $3.30 and a dividend yield of 0.6%.

Deutsche Bank AG raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 357,661 shares of the industrial products company's stock after acquiring an additional 39,354 shares during the quarter. Deutsche Bank AG owned approximately 0.33% of Roper Technologies worth $210,870,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ROP. MorganRosel Wealth Management LLC bought a new position in Roper Technologies during the 1st quarter worth approximately $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies in the fourth quarter valued at $31,000. Olde Wealth Management LLC bought a new stake in Roper Technologies during the first quarter valued at $31,000. Wayfinding Financial LLC acquired a new stake in Roper Technologies during the 1st quarter worth about $31,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Roper Technologies in the 1st quarter worth about $34,000. Institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

ROP has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. William Blair began coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. 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 one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $637.18.

Roper Technologies Stock Down 0.4%

ROP traded down $2.33 during midday trading on Friday, reaching $534.38. 358,734 shares of the company were exchanged, compared to its average volume of 613,320. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 company's fifty day moving average price is $559.10 and its 200 day moving average price is $565.45. The company has a market cap of $57.51 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.83 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 firm posted $4.48 EPS. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is currently 23.19%.

Insider Activity at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

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.