TD Asset Management Inc Has $87.70 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• TD Asset Management Inc increased its stake in Roper Technologies by 2.3%, owning approximately 148,743 shares valued at $87.7 million as of its latest SEC filing.
• Multiple institutional investors, including JPMorgan Chase & Co. and LPL Financial LLC, have also significantly boosted their positions in Roper Technologies, indicating strong institutional interest.
• Analysts have set new price targets for Roper Technologies, with estimates ranging from $561.00 to $687.00, and a consensus rating of "Moderate Buy" based on current market conditions.

TD Asset Management Inc raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 148,743 shares of the industrial products company's stock after buying an additional 3,337 shares during the quarter. TD Asset Management Inc owned about 0.14% of Roper Technologies worth $87,696,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its stake in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares during the period. Geode Capital Management LLC increased its stake in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after buying an additional 29,184 shares during the period. Invesco Ltd. increased its stake in Roper Technologies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after buying an additional 31,531 shares during the period. Mackenzie Financial Corp increased its stake in Roper Technologies by 1.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock valued at $605,653,000 after buying an additional 19,377 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Roper Technologies by 103,901.5% in the first quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after acquiring an additional 1,113,824 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ROP shares. Stifel Nicolaus reduced their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reissued an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird raised their target price on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $637.18.

Roper Technologies Price Performance

Roper Technologies stock traded down $2.86 during midday trading on Wednesday, reaching $560.20. 101,765 shares of the company were exchanged, compared to its average volume of 613,980. The firm's 50-day simple moving average is $563.31 and its 200-day simple moving average is $564.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market capitalization of $60.23 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $4.48 EPS. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.825 per share. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's dividend payout ratio is presently 23.19%.

Insider Buying and Selling

In related news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by 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.