Running Oak Capital LLC Buys 1,900 Shares of Roper Technologies, Inc. (NYSE:ROP)

Running Oak Capital LLC lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,760 shares of the industrial products company's stock after acquiring an additional 1,900 shares during the period. Roper Technologies accounts for about 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 16th largest position. Running Oak Capital LLC's holdings in Roper Technologies were worth $15,777,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Norges Bank acquired a new stake in shares of Roper Technologies during the 4th quarter worth approximately $914,052,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares during the period. GAMMA Investing LLC lifted its position in shares of Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock worth $657,320,000 after buying an additional 1,113,824 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Roper Technologies in the 4th quarter valued at $148,070,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 0.7%

Shares of Roper Technologies stock traded up $4.19 during trading on Monday, reaching $566.18. 374,677 shares of the company were exchanged, compared to its average volume of 546,727. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The business has a 50-day moving average price of $565.93 and a 200-day moving average price of $558.04. The firm has a market capitalization of $60.87 billion, a price-to-earnings ratio of 39.48, a P/E/G ratio of 2.77 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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 return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the business earned $4.41 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.825 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus dropped their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Robert W. Baird boosted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

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.