Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lowered by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236 shares of the industrial products company’s stock after selling 21 shares during the period. TD Private Client Wealth LLC’s holdings in Roper Technologies were worth $123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies in the 4th quarter worth approximately $26,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the fourth quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after buying an additional 75 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter valued at about $45,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Roper Technologies during the 4th quarter worth about $49,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John K. Stipancich sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $579.07 on Wednesday. The stock’s fifty day simple moving average is $566.88 and its 200-day simple moving average is $553.02. The company has a market capitalization of $62.18 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Analyst Ratings Changes

A number of research firms recently commented on ROP. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Truist Financial reissued a “buy” rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $623.60.

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.