B. Metzler seel. Sohn & Co. AG Makes New $7.22 Million Investment in Roper Technologies, Inc. $ROP

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,332 shares of the industrial products company's stock, valued at approximately $7,219,000.

BlackRock Inc. bought a new stake in shares of Roper Technologies in the 2nd quarter worth about $3,346,912,000. Norges Bank purchased a new position in shares of Roper Technologies in the 4th quarter valued at $1,112,873,000. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company's stock valued at $5,553,932,000 after purchasing an additional 1,384,656 shares in the last quarter. Flossbach Von Storch SE purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $448,321,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Roper Technologies by 206.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock valued at $474,070,000 after purchasing an additional 903,223 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Zacks Research downgraded Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Mizuho set a $355.00 price objective on Roper Technologies in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Roper Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Thursday, August 6th. Finally, BMO Capital Markets assumed coverage on shares of Roper Technologies in a research report on Friday, July 10th. They issued a “market perform” rating and a $393.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $466.94.

Shares of NASDAQ:ROP opened at $411.79 on Friday. The firm has a market capitalization of $40.73 billion, a PE ratio of 17.06, a P/E/G ratio of 1.85 and a beta of 0.74. Roper Technologies, Inc. has a 12 month low of $305.96 and a 12 month high of $538.21. The business has a 50-day moving average of $367.34 and a two-hundred day moving average of $352.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51.

The industrial products company reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.09. The company had revenue of $2.11 billion for the quarter. Roper Technologies had a return on equity of 11.36% and a net margin of 30.24%.The business’s quarterly revenue was up 8.5% compared to the same qu...