Siemens Fonds Invest GmbH Trims Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Siemens Fonds Invest GmbH lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 37.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,858 shares of the industrial products company's stock after selling 2,343 shares during the period. Siemens Fonds Invest GmbH's holdings in Roper Technologies were worth $2,006,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at about $26,000. Putney Financial Group LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at about $31,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies during the 4th quarter valued at about $36,000. Parvin Asset Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at about $39,000. Finally, OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

ROP traded down $4.86 during trading on Thursday, reaching $564.27. The company's stock had a trading volume of 781,970 shares, compared to its average volume of 548,269. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $565.01 and a two-hundred day simple moving average of $557.45. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market cap of $60.67 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.77 and a beta of 1.08.

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

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised their target price on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Truist Financial restated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Mizuho set a $600.00 target price on Roper Technologies in a research report on Friday, May 16th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies 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.