Capital Investment Services of America Inc. Acquires 766 Shares of Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Services of America Inc. boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,936 shares of the industrial products company's stock after purchasing an additional 766 shares during the period. Roper Technologies makes up about 2.8% of Capital Investment Services of America Inc.'s investment portfolio, making the stock its 12th biggest holding. Capital Investment Services of America Inc.'s holdings in Roper Technologies were worth $27,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ROP. Vanguard Group Inc. boosted its stake in Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after acquiring an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after acquiring an additional 1,529,716 shares during the period. Geode Capital Management LLC boosted its stake in Roper Technologies by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the period. Norges Bank acquired a new position in Roper Technologies in the fourth quarter valued at approximately $914,052,000. Finally, Invesco Ltd. boosted its stake in Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after acquiring an additional 31,531 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Down 2.0%

Roper Technologies stock traded down $11.28 during mid-day trading on Friday, hitting $560.75. 436,797 shares of the company's stock were exchanged, compared to its average volume of 548,180. The firm has a market capitalization of $60.29 billion, a P/E ratio of 39.10, a PEG ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company's 50 day simple moving average is $564.63 and its 200-day simple moving average is $558.36.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 earnings per share. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 8th. Roper Technologies's payout ratio is 23.81%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ROP shares. Raymond James reaffirmed a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Oppenheimer reissued an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. Finally, Royal Bank of Canada increased their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One 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 company. According to data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average 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.