Flossbach Von Storch AG Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

Flossbach Von Storch AG lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,985 shares of the industrial products company's stock after selling 16,809 shares during the quarter. Flossbach Von Storch AG owned 0.10% of Roper Technologies worth $57,780,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in shares of Roper Technologies by 10.0% during the third quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company's stock valued at $112,000 after buying an additional 21 shares during the last quarter. UMB Bank n.a. raised its position in shares of Roper Technologies by 0.6% during the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company's stock valued at $1,664,000 after buying an additional 21 shares during the last quarter. NorthRock Partners LLC raised its position in shares of Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company's stock valued at $592,000 after buying an additional 21 shares during the last quarter. Jacobi Capital Management LLC raised its position in shares of Roper Technologies by 0.5% during the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company's stock valued at $2,030,000 after buying an additional 21 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Roper Technologies by 0.7% during the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company's stock valued at $1,582,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROP. Oppenheimer boosted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Mizuho boosted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st. Wells Fargo & Company boosted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Royal Bank of Canada boosted their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Finally, TD Cowen cut shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $574.58.

Roper Technologies Trading Down 0.1 %

NYSE ROP traded down $0.51 on Wednesday, hitting $526.47. 426,007 shares of the stock were exchanged, compared to its average volume of 495,698. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a fifty day moving average price of $546.31 and a two-hundred day moving average price of $531.43. The firm has a market capitalization of $56.34 billion, a P/E ratio of 40.84, a P/E/G ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a 52-week low of $430.03 and a 52-week high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.92 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies's dividend payout ratio is currently 23.27%.

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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