Deutsche Bank AG Purchases 32,534 Shares of Roper Technologies, Inc. (NYSE:ROP)

Deutsche Bank AG lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,307 shares of the industrial products company’s stock after purchasing an additional 32,534 shares during the quarter. Deutsche Bank AG owned 0.30% of Roper Technologies worth $165,472,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Roper Technologies by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock valued at $368,382,000 after purchasing an additional 45,947 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of Roper Technologies by 13.7% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 7,186 shares of the industrial products company’s stock valued at $3,735,000 after buying an additional 868 shares during the last quarter. Czech National Bank increased its holdings in shares of Roper Technologies by 6.5% in the fourth quarter. Czech National Bank now owns 23,249 shares of the industrial products company’s stock worth $12,086,000 after buying an additional 1,412 shares during the period. Threadgill Financial LLC lifted its stake in shares of Roper Technologies by 9.7% in the 4th quarter. Threadgill Financial LLC now owns 5,345 shares of the industrial products company’s stock valued at $2,779,000 after acquiring an additional 474 shares during the last quarter. Finally, Fiduciary Alliance LLC purchased a new stake in Roper Technologies during the 4th quarter valued at about $1,232,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $570.48 on Friday. The business has a fifty day moving average price of $565.97 and a 200-day moving average price of $555.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $61.34 billion, a PE ratio of 39.78, a PEG 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.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. Roper Technologies’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.41 earnings per share. As a group, equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.81%.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Raymond James reiterated a “strong-buy” rating and set a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on Roper Technologies from $465.00 to $470.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $620.91.

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.