B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 8,054 Roper Technologies, Inc. (NYSE:ROP)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,054 shares of the industrial products company's stock, valued at approximately $4,482,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd boosted its holdings in Roper Technologies by 50.0% during the first quarter. Covestor Ltd now owns 60 shares of the industrial products company's stock worth $34,000 after buying an additional 20 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of Roper Technologies in the first quarter valued at $321,000. Bessemer Group Inc. boosted its stake in shares of Roper Technologies by 17.1% during the first quarter. Bessemer Group Inc. now owns 6,285 shares of the industrial products company's stock valued at $3,526,000 after acquiring an additional 919 shares during the last quarter. Crewe Advisors LLC acquired a new position in Roper Technologies in the 1st quarter valued at about $68,000. Finally, EntryPoint Capital LLC purchased a new position in Roper Technologies in the 1st quarter valued at about $81,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 0.3 %

Shares of ROP opened at $549.45 on Thursday. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The stock has a 50-day moving average price of $552.21 and a 200 day moving average price of $548.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a market capitalization of $58.92 billion, a P/E ratio of 30.65, a P/E/G ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.32 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is presently 21.95%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Jefferies Financial Group upped their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, Truist Financial reaffirmed a "buy" rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $620.80.

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.