Running Oak Capital LLC Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Running Oak Capital LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,760 shares of the industrial products company’s stock after buying an additional 1,900 shares during the period. Roper Technologies makes up approximately 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 16th biggest holding. Running Oak Capital LLC’s holdings in Roper Technologies were worth $15,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Roper Technologies by 2.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 34,833 shares of the industrial products company’s stock worth $20,537,000 after buying an additional 917 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Roper Technologies in the 4th quarter worth approximately $761,000. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in shares of Roper Technologies in the 1st quarter worth approximately $2,395,000. Assenagon Asset Management S.A. boosted its stake in shares of Roper Technologies by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,067 shares of the industrial products company’s stock worth $1,808,000 after buying an additional 30 shares during the last quarter. Finally, Plato Investment Management Ltd raised its holdings in shares of Roper Technologies by 41.4% in the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company’s stock worth $2,106,000 after purchasing an additional 1,182 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ROP shares. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an “outperform” rating on the stock. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird lifted their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Royal Bank Of Canada lifted 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, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $632.36.

Roper Technologies Trading Up 1.1%

Shares of ROP stock opened at $561.99 on Friday. The company’s fifty day simple moving average is $565.93 and its two-hundred day simple moving average is $558.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The stock has a market capitalization of $60.42 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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%. During the same quarter in the previous year, the business posted $4.41 EPS. Roper Technologies’s revenue was up 12.0% on a year-over-year basis. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s payout ratio is currently 23.81%.

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.