TD Asset Management Inc Sells 52,435 Shares of Roper Technologies, Inc. $ROP

TD Asset Management Inc trimmed its holdings in Roper Technologies, Inc. (NASDAQ:ROP) by 35.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,308 shares of the industrial products company’s stock after selling 52,435 shares during the quarter. TD Asset Management Inc owned 0.09% of Roper Technologies worth $54,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ROP. Brighton Jones LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $203,000. GAMMA Investing LLC increased its position in shares of Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 819 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Roper Technologies by 1.0% during the first quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock valued at $1,808,000 after purchasing an additional 30 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Roper Technologies by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,490 shares of the industrial products company’s stock valued at $10,311,000 after purchasing an additional 311 shares during the period. Finally, Ritholtz Wealth Management increased its position in shares of Roper Technologies by 6.3% during the first quarter. Ritholtz Wealth Management now owns 555 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 33 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roper Technologies news, 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 transaction 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. This represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares in the company, 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. 0.78% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 2.7%

NASDAQ ROP opened at $499.73 on Thursday. The firm has a market cap of $53.78 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $492.25 and a one year high of $595.17. The stock’s 50 day simple moving average is $516.65 and its 200 day simple moving average is $546.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.46 and a quick ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $4.81 EPS for the quarter. The business had revenue of $1.88 billion for the quarter. Roper Technologies had a return on equity of 10.83% and a net margin of 20.62%. Roper Technologies has set its FY 2025 guidance at 19.750-20.000 EPS. Q1 2025 guidance at 4.700-4.740 EPS. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ROP shares. Barclays lowered their price objective on Roper Technologies from $562.00 to $550.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Truist Financial raised their target price on Roper Technologies from $675.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on Roper Technologies from $695.00 to $703.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Citigroup started coverage on Roper Technologies in a report on Wednesday, August 20th. They set a “buy” rating and a $626.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $632.00.

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.