MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 1,400 Shares of Roper Technologies, Inc. (NYSE:ROP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,918 shares of the industrial products company’s stock after buying an additional 1,400 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.08% of Roper Technologies worth $42,596,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Fortitude Family Office LLC bought a new stake in Roper Technologies during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies during the third quarter worth about $37,000. Kimelman & Baird LLC acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $42,000. Central Pacific Bank Trust Division raised its holdings in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after buying an additional 22 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after buying an additional 33 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE ROP opened at $533.24 on Friday. The company has a market cap of $57.18 billion, a P/E ratio of 39.01, a PEG ratio of 2.55 and a beta of 1.04. The company has a fifty day simple moving average of $536.51 and a 200 day simple moving average of $545.22. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company earned $4.32 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s payout ratio is currently 24.14%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ROP shares. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $624.38.

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.