PNC Financial Services Group Inc. Has $16.43 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

PNC Financial Services Group Inc. lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,608 shares of the industrial products company's stock after selling 3,044 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Roper Technologies were worth $16,431,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Roper Technologies in the 4th quarter worth $148,070,000. Proficio Capital Partners LLC boosted its holdings in Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after acquiring an additional 279,795 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Roper Technologies during the fourth quarter valued at about $69,382,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after purchasing an additional 132,913 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on ROP. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price target (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $623.60.

Roper Technologies Trading Up 0.5 %

Shares of NYSE ROP traded up $2.92 during mid-day trading on Wednesday, hitting $568.67. 208,934 shares of the company traded hands, compared to its average volume of 496,585. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The business has a 50 day moving average of $554.32 and a two-hundred day moving average of $551.56. The stock has a market capitalization of $61.07 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 2.77 and a beta of 1.06. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.01%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,221,292.10. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by company insiders.

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.