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

Capital Investment Services of America Inc. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,936 shares of the industrial products company’s stock after buying an additional 766 shares during the period. Roper Technologies accounts for 2.8% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 12th largest position. Capital Investment Services of America Inc.’s holdings in Roper Technologies were worth $27,673,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new position in shares of Roper Technologies during the 4th quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in Roper Technologies during the 4th quarter worth about $31,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 4th quarter worth about $36,000. Parvin Asset Management LLC purchased a new stake in Roper Technologies during the 4th quarter worth about $39,000. Finally, OFI Invest Asset Management purchased a new stake in Roper Technologies during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ROP shares. Raymond James restated a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus decreased their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their target price on Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $632.36.

Roper Technologies Trading Down 2.0%

Shares of ROP stock opened at $560.75 on Friday. The stock has a market capitalization of $60.29 billion, a PE ratio of 39.10, a P/E/G ratio of 2.77 and a beta of 1.03. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The business has a 50-day moving average of $564.63 and a 200 day moving average of $558.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $4.41 earnings per share. Roper Technologies’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side 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 Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.81%.

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.