Running Oak Capital LLC reduced its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 22.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,435 shares of the industrial products company’s stock after selling 6,712 shares during the period. Running Oak Capital LLC’s holdings in Roper Technologies were worth $10,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Dedication LLC increased its holdings in shares of Roper Technologies by 800.0% in the second quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Field & Main Bank acquired a new position in shares of Roper Technologies in the third quarter valued at $25,000. Triumph Capital Management acquired a new position in shares of Roper Technologies in the third quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Roper Technologies in the third quarter valued at $37,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Roper Technologies in the third quarter valued at $40,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Roper Technologies Stock Performance
ROP opened at $343.15 on Monday. Roper Technologies, Inc. has a twelve month low of $313.07 and a twelve month high of $584.03. The company has a 50-day simple moving average of $348.87 and a 200 day simple moving average of $415.89. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $35.13 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 1.64 and a beta of 0.89.
Roper Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.1%. Roper Technologies’s payout ratio is presently 25.63%.
Wall Street Analysts Forecast Growth
ROP has been the topic of several research reports. Royal Bank Of Canada decreased their price objective on shares of Roper Technologies from $539.00 to $398.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Oppenheimer reissued a “market perform” rating on shares of Roper Technologies in a research report on Wednesday, January 28th. Citigroup reduced their target price on shares of Roper Technologies from $575.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Robert W. Baird set a $550.00 target price on shares of Roper Technologies in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $385.00 target price (down from $550.00) on shares of Roper Technologies in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Roper Technologies currently has a consensus rating of “Hold” and a consensus price target of $476.60.
View Our Latest Report on Roper Technologies
Insider Buying and Selling
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. bought 1,400 shares of the stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $358.46 per share, with a total value of $501,844.00. Following the completion of the purchase, the director owned 1,400 shares in the company, valued at $501,844. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.
About Roper Technologies
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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