Flossbach Von Storch SE Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Flossbach Von Storch SE increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,048 shares of the industrial products company's stock after purchasing an additional 29,343 shares during the period. Flossbach Von Storch SE owned 0.28% of Roper Technologies worth $176,902,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies in the 4th quarter valued at $26,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $27,000. Putney Financial Group LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $31,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $31,000. Finally, Wayfinding Financial LLC acquired a new position in Roper Technologies in the first quarter worth about $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ROP shares. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Robert W. Baird boosted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Down 0.2%

Roper Technologies stock opened at $564.59 on Wednesday. The firm has a market capitalization of $60.70 billion, a PE ratio of 39.37, a P/E/G ratio of 2.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company's 50-day moving average is $568.82 and its 200-day moving average is $560.21. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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 net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the company posted $4.41 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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 paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies's dividend payout ratio is presently 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.

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