Toronto Dominion Bank Purchases 2,741 Shares of Roper Technologies, Inc. (NYSE:ROP)

Toronto Dominion Bank raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 0.06% of Roper Technologies worth $33,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies during the fourth quarter worth about $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the fourth quarter worth about $38,000. Parvin Asset Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after acquiring an additional 75 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. The trade was a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Stock Performance

ROP traded down $2.04 during midday trading on Friday, reaching $567.03. The company had a trading volume of 375,125 shares, compared to its average volume of 548,436. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market cap of $60.96 billion, a PE ratio of 39.54, a P/E/G 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. The business has a 50-day moving average price of $565.57 and a two-hundred day moving average price of $557.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.41 EPS. On average, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Royal Bank of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $632.36.

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.