Capital Investment Services of America Inc. Has $27.67 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Services of America Inc. boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,936 shares of the industrial products company’s stock after buying an additional 766 shares during the quarter. Roper Technologies makes up 2.8% of Capital Investment Services of America Inc.’s holdings, 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 SEC filing.

Other large investors have also bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the fourth quarter valued at about $26,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies during the fourth quarter valued at about $31,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies during the fourth quarter valued at about $36,000. Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter valued at about $39,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the fourth quarter valued at about $38,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 2.0%

Shares of Roper Technologies stock opened at $560.75 on Friday. The stock has a fifty day simple moving average of $564.63 and a 200 day simple moving average of $558.36. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market capitalization of $60.29 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $4.41 earnings per share. Roper Technologies’s quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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 given a $0.825 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROP shares. Oppenheimer reissued an “outperform” rating and set a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank of Canada raised their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised their price objective on Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Robert W. Baird lifted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. One equities 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 issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $632.36.

Roper Technologies 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.