DekaBank Deutsche Girozentrale Has $102.35 Million Position in Roper Technologies, Inc. (NYSE:ROP)

DekaBank Deutsche Girozentrale raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 185,413 shares of the industrial products company’s stock after buying an additional 2,481 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Roper Technologies were worth $102,350,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ROP. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter valued at about $25,000. Fairscale Capital LLC acquired a new position in shares of Roper Technologies in the 2nd quarter valued at approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares during the period. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $31,000. Finally, Covestor Ltd increased its stake in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

ROP stock opened at $542.00 on Monday. The company has a market capitalization of $58.02 billion, a P/E ratio of 39.33, a PEG ratio of 2.89 and a beta of 1.02. The company has a fifty day moving average price of $551.26 and a 200-day moving average price of $545.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $4.32 EPS. Roper Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s payout ratio is presently 21.77%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROP. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer lowered their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group lifted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

About Roper Technologies

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.