Capital Investment Services of America Inc. reduced its stake in Roper Technologies Inc. (NYSE:ROP) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,938 shares of the company’s stock after selling 250 shares during the period. Roper Technologies accounts for 2.1% of Capital Investment Services of America Inc.’s holdings, making the stock its 24th largest position. Capital Investment Services of America Inc. owned about 0.06% of Roper Technologies worth $10,937,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asset Management L.P. raised its position in Roper Technologies by 936.2% in the second quarter. Point72 Asset Management L.P. now owns 492,200 shares of the company’s stock valued at $83,950,000 after buying an additional 444,700 shares during the period. Artisan Partners Limited Partnership raised its position in Roper Technologies by 79.2% in the second quarter. Artisan Partners Limited Partnership now owns 816,763 shares of the company’s stock valued at $139,307,000 after buying an additional 360,946 shares during the period. Swedbank raised its position in Roper Technologies by 23.2% in the second quarter. Swedbank now owns 1,636,269 shares of the company’s stock valued at $279,082,000 after buying an additional 307,759 shares during the period. Janus Capital Management LLC raised its position in Roper Technologies by 14.2% in the second quarter. Janus Capital Management LLC now owns 1,802,896 shares of the company’s stock valued at $307,502,000 after buying an additional 224,624 shares during the period. Finally, Vanguard Group Inc. raised its position in Roper Technologies by 2.2% in the second quarter. Vanguard Group Inc. now owns 9,549,544 shares of the company’s stock valued at $1,628,770,000 after buying an additional 202,143 shares during the period. 96.22% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

Roper Technologies Inc. (NYSE:ROP) traded down 0.72% during trading on Friday, reaching $180.12. The company’s stock had a trading volume of 319,099 shares. Roper Technologies Inc. has a one year low of $155.79 and a one year high of $195.93. The firm has a market cap of $18.26 billion, a PE ratio of 26.90 and a beta of 0.87. The company has a 50-day moving average of $175.54 and a 200 day moving average of $174.16.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Monday, October 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.04. Roper Technologies had a net margin of 18.41% and a return on equity of 12.14%. The company earned $947.30 million during the quarter, compared to the consensus estimate of $955.48 million. During the same period in the prior year, the firm earned $1.61 earnings per share. Roper Technologies’s revenue was up 6.9% on a year-over-year basis. Analysts expect that Roper Technologies Inc. will post $6.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, October 5th. Roper Technologies’s payout ratio is currently 17.91%.

Several research analysts have recently weighed in on ROP shares. Argus started coverage on Roper Technologies in a research report on Wednesday, October 19th. They issued a “hold” rating for the company. Zacks Investment Research upgraded Roper Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and set a $157.00 target price for the company in a research note on Monday, August 1st. Barclays PLC reduced their target price on Roper Technologies from $198.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday, July 26th. Finally, Royal Bank Of Canada raised their target price on Roper Technologies from $211.00 to $214.00 and gave the company an “outperform” rating in a research note on Tuesday, November 1st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $196.63.

Roper Technologies Company Profile

Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.

5 Day Chart for NYSE:ROP

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