Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,565 shares of the industrial products company's stock after purchasing an additional 2,741 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Roper Technologies worth $33,043,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Plato Investment Management Ltd raised its stake in Roper Technologies by 41.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after buying an additional 1,182 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Roper Technologies by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after purchasing an additional 8,415 shares during the last quarter. Smith Salley Wealth Management boosted its stake in Roper Technologies by 1.4% in the 4th quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company's stock worth $18,125,000 after purchasing an additional 481 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Roper Technologies by 19.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock worth $3,274,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Eos Management L.P. increased its stake in Roper Technologies by 124.9% during the 4th quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company's stock valued at $4,327,000 after purchasing an additional 4,623 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROP. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus cut their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Truist Financial restated a "buy" rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Performance

Shares of ROP traded down $3.74 during trading hours on Thursday, hitting $569.07. The stock had a trading volume of 346,356 shares, compared to its average volume of 548,195. The firm has a 50-day moving average price of $565.89 and a 200 day moving average price of $557.06. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a market capitalization of $61.18 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 2.77 and a beta of 1.08. 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 (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 EPS. As a group, research analysts anticipate 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 was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. 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 dividend payout ratio is presently 23.81%.

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.