Capital Investment Services of America Inc. Has $25.84 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Services of America Inc. cut its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,432 shares of the industrial products company's stock after selling 2,167 shares during the quarter. Roper Technologies comprises approximately 2.5% of Capital Investment Services of America Inc.'s holdings, making the stock its 17th biggest position. Capital Investment Services of America Inc.'s holdings in Roper Technologies were worth $25,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in shares of Roper Technologies by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company's stock valued at $1,068,000 after acquiring an additional 130 shares during the period. National Pension Service grew its holdings in Roper Technologies by 10.7% during the third quarter. National Pension Service now owns 240,120 shares of the industrial products company's stock worth $133,612,000 after purchasing an additional 23,226 shares during the period. Klingenstein Fields & Co. LP increased its position in Roper Technologies by 2.2% during the third quarter. Klingenstein Fields & Co. LP now owns 39,207 shares of the industrial products company's stock worth $21,816,000 after buying an additional 844 shares during the last quarter. Invesco LLC raised its stake in Roper Technologies by 7.8% in the third quarter. Invesco LLC now owns 498 shares of the industrial products company's stock valued at $277,000 after buying an additional 36 shares during the period. Finally, Dash Acquisitions Inc. lifted its position in shares of Roper Technologies by 9.3% in the third quarter. Dash Acquisitions Inc. now owns 9,776 shares of the industrial products company's stock valued at $5,298,000 after buying an additional 829 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

ROP stock traded up $1.17 during midday trading on Monday, reaching $542.08. The company had a trading volume of 402,901 shares, compared to its average volume of 496,033. The company has a market capitalization of $58.12 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1-year low of $502.06 and a 1-year high of $579.10. The stock has a 50 day moving average price of $550.81 and a 200-day moving average price of $545.95.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $4.32 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies's dividend payout ratio is presently 21.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROP. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Truist Financial reissued a "buy" rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Mizuho increased their price target 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. Finally, Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Three investment 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 company's stock. According to data from MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $620.80.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.87% of the company's stock.

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.