Running Oak Capital LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Running Oak Capital LLC raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,860 shares of the industrial products company’s stock after buying an additional 2,057 shares during the quarter. Running Oak Capital LLC’s holdings in Roper Technologies were worth $12,923,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 3Chopt Investment Partners LLC bought a new stake in Roper Technologies during the 2nd quarter worth approximately $220,000. Thrivent Financial for Lutherans raised its position in shares of Roper Technologies by 11.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock worth $4,138,000 after buying an additional 756 shares in the last quarter. MBB Public Markets I LLC boosted its stake in Roper Technologies by 1,453.1% during the second quarter. MBB Public Markets I LLC now owns 7,377 shares of the industrial products company’s stock valued at $4,158,000 after buying an additional 6,902 shares during the period. Legal & General Group Plc grew its position in Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after buying an additional 64,565 shares in the last quarter. Finally, Scientech Research LLC bought a new position in Roper Technologies in the 2nd quarter worth about $874,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 0.4 %

Shares of Roper Technologies stock opened at $531.37 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The company’s 50 day moving average price is $535.54 and its 200-day moving average price is $544.96. The stock has a market capitalization of $56.98 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 2.55 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.32 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.62%. Roper Technologies’s dividend payout ratio is presently 24.14%.

Analysts Set New Price Targets

ROP has been the subject of a number of research analyst reports. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $624.38.

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.