Toronto Dominion Bank Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Toronto Dominion Bank boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 63,565 shares of the industrial products company's stock after purchasing an additional 2,741 shares during the period. Toronto Dominion Bank owned about 0.06% of Roper Technologies worth $33,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust bought a new position in Roper Technologies in the 4th quarter valued at $36,000. OFI Invest Asset Management bought a new position in Roper Technologies in the 4th quarter valued at $38,000. Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Truist Financial restated a "buy" rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Robert W. Baird increased their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of NYSE ROP traded down $4.86 during midday trading on Thursday, hitting $564.27. 781,970 shares of the company's stock were exchanged, compared to its average volume of 548,283. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business's fifty day moving average price is $565.26 and its two-hundred day moving average price is $557.45. The company has a market cap of $60.67 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.41 EPS. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.

Roper Technologies 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.