Capital Investment Services of America Inc. lessened its position in Roper Technologies Inc (NYSE:ROP) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 55,957 shares of the industrial products company’s stock after selling 1,980 shares during the period. Roper Technologies comprises about 2.3% of Capital Investment Services of America Inc.’s portfolio, making the stock its 15th biggest holding. Capital Investment Services of America Inc.’s holdings in Roper Technologies were worth $14,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LS Investment Advisors LLC grew its position in shares of Roper Technologies by 6.2% in the 3rd quarter. LS Investment Advisors LLC now owns 8,507 shares of the industrial products company’s stock valued at $2,071,000 after acquiring an additional 499 shares during the period. Wells Fargo & Company MN grew its position in shares of Roper Technologies by 32.5% in the 2nd quarter. Wells Fargo & Company MN now owns 216,802 shares of the industrial products company’s stock valued at $50,197,000 after acquiring an additional 53,202 shares during the period. Teachers Advisors LLC grew its position in shares of Roper Technologies by 8.0% in the 2nd quarter. Teachers Advisors LLC now owns 437,270 shares of the industrial products company’s stock valued at $101,241,000 after acquiring an additional 32,357 shares during the period. California Public Employees Retirement System grew its position in shares of Roper Technologies by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 247,287 shares of the industrial products company’s stock valued at $60,190,000 after acquiring an additional 12,087 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of Roper Technologies in the 2nd quarter valued at about $31,829,000. 93.46% of the stock is owned by institutional investors.

Shares of Roper Technologies Inc (ROP) traded up $1.12 during mid-day trading on Tuesday, hitting $268.14. 397,700 shares of the company traded hands, compared to its average volume of 363,280. The company has a market cap of $27,450.00, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76. Roper Technologies Inc has a 1-year low of $184.55 and a 1-year high of $268.37.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, October 30th. The industrial products company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.30 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. Roper Technologies’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. equities research analysts anticipate that Roper Technologies Inc will post 9.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.4125 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.65 dividend on an annualized basis and a yield of 0.62%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.35. Roper Technologies’s payout ratio is currently 20.35%.

ROP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a report on Monday, October 30th. Robert W. Baird lifted their target price on shares of Roper Technologies from $238.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. Finally, Cowen reaffirmed a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Roper Technologies presently has a consensus rating of “Buy” and an average price target of $256.27.

In other Roper Technologies news, CEO Brian D. Jellison sold 81,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $259.63, for a total value of $21,159,845.00. Following the completion of the sale, the chief executive officer now owns 1,448,575 shares of the company’s stock, valued at approximately $376,093,527.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 1,200 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.03, for a total transaction of $312,036.00. Following the completion of the sale, the director now directly owns 9,700 shares of the company’s stock, valued at approximately $2,522,291. The disclosure for this sale can be found here. Insiders sold a total of 86,950 shares of company stock valued at $22,574,581 in the last three months. Insiders own 2.50% of the company’s stock.

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About Roper Technologies

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

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