MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 4,985 Shares of Roper Technologies, Inc. (NYSE:ROP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,903 shares of the industrial products company's stock after buying an additional 4,985 shares during the quarter. Roper Technologies makes up about 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's portfolio, making the stock its 28th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.08% of Roper Technologies worth $51,224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ROP. Norges Bank bought a new stake in shares of Roper Technologies in the fourth quarter worth $914,052,000. T. Rowe Price Investment Management Inc. lifted its position in Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after buying an additional 1,113,824 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after acquiring an additional 360,632 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Roper Technologies in the fourth quarter valued at about $148,070,000. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP stock traded down $6.83 during midday trading on Wednesday, hitting $555.75. 446,138 shares of the company were exchanged, compared to its average volume of 546,832. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm has a market capitalization of $59.75 billion, a P/E ratio of 38.76, a PEG ratio of 2.77 and a beta of 1.03. The firm's 50 day moving average price is $565.74 and its two-hundred day moving average price is $558.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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 (EPS) for the quarter, topping 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 company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.41 earnings per share. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ROP. JPMorgan Chase & Co. raised their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus decreased their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $632.36.

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.