Capital Investment Services of America Inc. grew its stake in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,370 shares of the industrial products company’s stock after purchasing an additional 84 shares during the quarter. Roper Technologies comprises approximately 2.7% of Capital Investment Services of America Inc.’s holdings, making the stock its 15th largest holding. Capital Investment Services of America Inc.’s holdings in Roper Technologies were worth $24,699,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. HHM Wealth Advisors LLC acquired a new stake in Roper Technologies during the 1st quarter worth $26,000. Manitou Investment Management Ltd. acquired a new stake in shares of Roper Technologies in the first quarter valued at about $29,000. Compass Wealth Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth approximately $30,000. Fortis Capital Advisors LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth approximately $30,000. Finally, Barrett & Company Inc. bought a new stake in shares of Roper Technologies during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
Insider Transactions at Roper Technologies
In other news, Director Robert D. Johnson sold 900 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $495.19, for a total transaction of $445,671.00. Following the transaction, the director now owns 5,846 shares of the company’s stock, valued at approximately $2,894,880.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jason Conley sold 2,143 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $498.00, for a total value of $1,067,214.00. Following the transaction, the chief financial officer now owns 38,358 shares of the company’s stock, valued at approximately $19,102,284. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Johnson sold 900 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $495.19, for a total transaction of $445,671.00. Following the completion of the transaction, the director now directly owns 5,846 shares in the company, valued at approximately $2,894,880.74. The disclosure for this sale can be found here. Insiders have sold 6,200 shares of company stock valued at $3,084,399 in the last 90 days. 0.94% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Roper Technologies Trading Down 0.7 %
NYSE ROP traded down $3.61 on Friday, reaching $495.81. The company had a trading volume of 725,626 shares, compared to its average volume of 265,917. The firm has a market cap of $52.91 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $356.21 and a fifty-two week high of $504.73. The business has a 50 day moving average of $490.73 and a two-hundred day moving average of $462.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.90.
Roper Technologies (NYSE:ROP – Get Free Report) last issued its quarterly earnings results on Friday, July 21st. The industrial products company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.99 by $0.13. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Roper Technologies had a net margin of 50.21% and a return on equity of 10.61%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.95 earnings per share. Analysts forecast that Roper Technologies, Inc. will post 16.46 EPS for the current year.
Roper Technologies Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 24th. Stockholders of record on Monday, July 10th were given a dividend of $0.6825 per share. The ex-dividend date of this dividend was Friday, July 7th. This represents a $2.73 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 10.05%.
About Roper Technologies
Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.
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