DekaBank Deutsche Girozentrale Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

DekaBank Deutsche Girozentrale raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,049 shares of the industrial products company’s stock after purchasing an additional 22,859 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.17% of Roper Technologies worth $100,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the 1st quarter worth approximately $29,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders have sold 3,940 shares of company stock valued at $2,214,019 over the last quarter. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP traded down $8.37 during trading hours on Friday, reaching $536.03. The company’s stock had a trading volume of 739,991 shares, compared to its average volume of 565,861. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $553.54 and a 200 day simple moving average of $545.80. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The stock has a market cap of $57.38 billion, a PE ratio of 38.90, a PEG ratio of 2.85 and a beta of 1.02.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a $0.75 dividend. The ex-dividend date was Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROP. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Mizuho upped their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $604.33.

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.