PNC Financial Services Group Inc. Has $16.15 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

PNC Financial Services Group Inc. cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,625 shares of the industrial products company’s stock after selling 543 shares during the period. PNC Financial Services Group Inc.’s holdings in Roper Technologies were worth $16,151,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Roper Technologies during the 3rd quarter valued at about $27,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies in the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies during the 4th quarter worth $31,000. VisionPoint Advisory Group LLC bought a new position in Roper Technologies in the fourth quarter valued at about $32,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies during the third quarter worth approximately $34,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE:ROP opened at $541.40 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The company has a market cap of $57.95 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.87 and a beta of 1.00. The stock has a fifty day moving average price of $537.18 and a 200-day moving average price of $538.03.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.90 EPS. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research analyst reports. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada dropped their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Mizuho raised their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $584.82.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

About Roper Technologies

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.