Roper Technologies, Inc. $ROP Shares Acquired by Running Oak Capital LLC

Key Points

• Running Oak Capital LLC increased its stake in Roper Technologies by 6.4%, owning a total of 28,463 shares valued at approximately $16.1 million.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analysts' estimates, and announced a quarterly dividend of $0.825.
• Analysts have set varying price targets for Roper Technologies' stock, with the average target at $635.27 and a consensus rating of "Moderate Buy."

Running Oak Capital LLC lifted its holdings in Roper Technologies, Inc. (NASDAQ:ROP - Free Report) by 6.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,463 shares of the industrial products company's stock after purchasing an additional 1,703 shares during the quarter. Running Oak Capital LLC's holdings in Roper Technologies were worth $16,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Saudi Central Bank purchased a new position in shares of Roper Technologies in the 1st quarter valued at approximately $25,000. Banque Transatlantique SA acquired a new position in Roper Technologies during the 1st quarter valued at approximately $25,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Roper Technologies during the first quarter worth $27,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies during the first quarter valued at $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Roper Technologies in the 1st quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.5%

Roper Technologies stock opened at $499.95 on Monday. The firm has a market cap of $53.80 billion, a PE ratio of 35.13, a P/E/G ratio of 2.35 and a beta of 1.00. Roper Technologies, Inc. has a 12 month low of $492.25 and a 12 month high of $595.17. The stock's 50 day simple moving average is $522.70 and its two-hundred day simple moving average is $549.61. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.40.

Roper Technologies (NASDAQ:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 20.62% and a return on equity of 10.83%. Roper Technologies's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 EPS. Roper Technologies has set its FY 2025 guidance at 19.900-20.050 EPS. Q3 2025 guidance at 5.080-5.120 EPS. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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 shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on ROP shares. Barclays lowered their price target on Roper Technologies from $562.00 to $550.00 and set an "underweight" rating for the company in a research report on Wednesday. Truist Financial upped their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Citigroup started coverage on shares of Roper Technologies in a research note on Wednesday, August 20th. They issued a "buy" rating and a $626.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $635.27.

Roper Technologies Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.