TD Private Client Wealth LLC Increases Position in Roper Technologies, Inc. $ROP

Key Points

• TD Private Client Wealth LLC significantly increased its stake in Roper Technologies, owning 1,475 shares worth approximately $836,000 after a 968.8% increase in the second quarter.
• Roper Technologies reported a quarterly earnings per share of $4.87, beating expectations and reflecting a 13.2% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.825 per share, with a yield of 0.7%, to be paid on October 17th.

TD Private Client Wealth LLC raised its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 968.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,475 shares of the industrial products company's stock after purchasing an additional 1,337 shares during the quarter. TD Private Client Wealth LLC's holdings in Roper Technologies were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ROP. Vanguard Group Inc. grew its position in shares of Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after buying an additional 142,150 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Roper Technologies by 9.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,963,540 shares of the industrial products company's stock worth $3,515,984,000 after buying an additional 500,764 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Roper Technologies by 0.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,171,740 shares of the industrial products company's stock valued at $3,049,155,000 after purchasing an additional 20,238 shares during the period. Nuveen LLC acquired a new position in Roper Technologies in the first quarter valued at about $894,764,000. Finally, Wellington Management Group LLP lifted its position in shares of Roper Technologies by 92.3% during the first quarter. Wellington Management Group LLP now owns 1,401,048 shares of the industrial products company's stock worth $826,030,000 after purchasing an additional 672,306 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

NASDAQ:ROP opened at $499.31 on Friday. The firm has a market cap of $53.73 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40. The company's 50-day moving average is $528.72 and its two-hundred day moving average is $552.44. Roper Technologies, Inc. has a 12-month low of $492.25 and a 12-month high of $595.17.

Roper Technologies (NASDAQ:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. During the same quarter in the prior year, the company posted $4.48 earnings per share. The business's quarterly revenue was up 13.2% on a year-over-year basis. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.7%. Roper Technologies's dividend payout ratio is currently 23.19%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ROP shares. Citigroup started coverage on shares of Roper Technologies in a report on Wednesday, August 20th. They issued a "buy" rating and a $626.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $636.36.

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.

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