Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in Roper Technologies, Inc. (NYSE:ROP)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 119,242 shares of the industrial products company's stock, valued at approximately $61,988,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Roper Technologies as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after buying an additional 72,503 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares during the last quarter. Geode Capital Management LLC grew its holdings in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after buying an additional 29,184 shares during the last quarter. Norges Bank acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $914,052,000. Finally, Invesco Ltd. grew its holdings in shares of Roper Technologies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

ROP stock traded down $4.86 during trading on Thursday, hitting $564.27. The company had a trading volume of 781,970 shares, compared to its average volume of 548,283. The firm has a market cap of $60.67 billion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The firm has a 50-day moving average price of $565.26 and a 200-day moving average price of $557.45. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

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

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's payout ratio is 23.81%.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. Robert W. Baird raised their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Truist Financial restated a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus cut their price objective on 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, Raymond James reiterated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently 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.