Capital Investment Services of America Inc. Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Services of America Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 46,432 shares of the industrial products company’s stock after selling 2,167 shares during the period. Roper Technologies comprises 2.5% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 17th largest position. Capital Investment Services of America Inc.’s holdings in Roper Technologies were worth $25,837,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ROP. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after acquiring an additional 7,768 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after buying an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after acquiring an additional 2,399 shares during the period. Duality Advisers LP lifted its holdings in Roper Technologies by 355.4% in the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after acquiring an additional 9,385 shares during the period. Finally, Forsta AP Fonden boosted its position in Roper Technologies by 15.7% in the first quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock worth $11,553,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROP. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 0.2 %

Shares of NYSE:ROP traded down $0.82 during trading on Monday, reaching $540.09. The company’s stock had a trading volume of 105,496 shares, compared to its average volume of 494,592. The stock has a market capitalization of $57.91 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03. Roper Technologies, Inc. has a 12 month low of $502.06 and a 12 month high of $579.10. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $550.81 and its two-hundred day simple moving average is $545.95.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.32 earnings per share. On average, research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were issued a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s payout ratio is 21.95%.

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.