DekaBank Deutsche Girozentrale Purchases 22,859 Shares of Roper Technologies, Inc. (NYSE:ROP)

DekaBank Deutsche Girozentrale raised its position in Roper Technologies, Inc. (NYSE:ROP) by 14.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 181,049 shares of the industrial products company’s stock after buying an additional 22,859 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Roper Technologies were worth $100,249,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 1st quarter valued at approximately $29,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 1.5 %

Shares of NYSE:ROP traded down $8.37 during mid-day trading on Friday, hitting $536.03. The company had a trading volume of 739,991 shares, compared to its average volume of 565,861. The firm has a fifty day moving average price of $553.54 and a 200 day moving average price of $545.80. The company has a market capitalization of $57.38 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.75 per share. 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 (DPR) is presently 21.77%.

Analyst Ratings Changes

ROP has been the topic of several recent research reports. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Mizuho lifted their target price 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. Finally, Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $604.33.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the completion of the sale, the director now owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roper Technologies news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,940 shares of company stock worth $2,214,019. 0.87% of the stock is owned by corporate insiders.

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.