PNC Monetary Providers Group Inc. elevated its place in shares of Roper Applied sciences, Inc. (NYSE:ROP – Free Report) by 5.4% within the third quarter, in accordance with its most up-to-date 13F submitting with the Securities & Trade Fee. The institutional investor owned 34,652 shares of the economic merchandise firm’s inventory after buying an extra 1,789 shares in the course of the quarter. PNC Monetary Providers Group Inc.’s holdings in Roper Applied sciences had been price $19,282,000 on the finish of the latest quarter.
Different institutional traders have additionally not too long ago added to or diminished their stakes within the firm. Principal Monetary Group Inc. grew its holdings in shares of Roper Applied sciences by 4.0% in the course of the second quarter. Principal Monetary Group Inc. now owns 2,683,909 shares of the economic merchandise firm’s inventory price $1,512,813,000 after buying an extra 102,199 shares over the past quarter. Mackenzie Monetary Corp elevated its place in Roper Applied sciences by 3.1% within the 2nd quarter. Mackenzie Monetary Corp now owns 1,119,023 shares of the economic merchandise firm’s inventory valued at $630,749,000 after buying an extra 33,544 shares within the final quarter. Authorized & Normal Group Plc lifted its place in shares of Roper Applied sciences by 7.6% in the course of the second quarter. Authorized & Normal Group Plc now owns 914,499 shares of the economic merchandise firm’s inventory price $515,467,000 after buying an extra 64,565 shares within the final quarter. Mirova US LLC grew its stake in shares of Roper Applied sciences by 2.1% in the course of the second quarter. Mirova US LLC now owns 700,651 shares of the economic merchandise firm’s inventory valued at $394,929,000 after buying an extra 14,501 shares over the past quarter. Lastly, American Century Corporations Inc. elevated its holdings in shares of Roper Applied sciences by 24.4% within the second quarter. American Century Corporations Inc. now owns 605,769 shares of the economic merchandise firm’s inventory valued at $341,448,000 after buying an extra 118,971 shares within the final quarter. 93.31% of the inventory is owned by institutional traders.
Wall Avenue Analyst Weigh In
A variety of brokerages have commented on ROP. Oppenheimer decreased their worth goal on Roper Applied sciences from $650.00 to $630.00 and set an “outperform” ranking on the inventory in a analysis report on Thursday, July twenty fifth. Robert W. Baird lifted their worth goal on Roper Applied sciences from $635.00 to $652.00 and gave the inventory an “outperform” ranking in a analysis report on Thursday, October twenty fourth. Royal Financial institution of Canada dropped their worth goal on Roper Applied sciences from $675.00 to $666.00 and set an “outperform” ranking for the corporate in a report on Thursday, October twenty fourth. Mizuho raised their goal worth on shares of Roper Applied sciences from $530.00 to $565.00 and gave the corporate a “impartial” ranking in a analysis notice on Thursday, October seventeenth. Lastly, Jefferies Monetary Group boosted their worth goal on shares of Roper Applied sciences from $625.00 to $635.00 and gave the inventory a “purchase” ranking in a analysis notice on Friday, August sixteenth. Three equities analysis analysts have rated the inventory with a maintain ranking, seven have given a purchase ranking and two have given a robust purchase ranking to the corporate. In accordance with MarketBeat, Roper Applied sciences has a consensus ranking of “Average Purchase” and a consensus worth goal of $620.80.
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Roper Applied sciences Inventory Up 0.8 %
Roper Applied sciences inventory opened at $553.82 on Friday. Roper Applied sciences, Inc. has a fifty-two week low of $508.22 and a fifty-two week excessive of $579.10. The corporate has a debt-to-equity ratio of 0.41, a present ratio of 0.48 and a fast ratio of 0.44. The agency has a market capitalization of $59.39 billion, a price-to-earnings ratio of 40.51, a PEG ratio of two.86 and a beta of 1.03. The corporate’s 50 day easy transferring common is $552.26 and its 200 day easy transferring common is $548.72.
Roper Applied sciences (NYSE:ROP – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, October twenty third. The economic merchandise firm reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The corporate had income of $1.75 billion in the course of the quarter, in comparison with analyst estimates of $1.72 billion. Roper Applied sciences had a web margin of 21.78% and a return on fairness of 10.73%. The agency’s income was up 11.7% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the enterprise earned $4.32 EPS. As a gaggle, sell-side analysts anticipate that Roper Applied sciences, Inc. will publish 18.24 EPS for the present yr.
Roper Applied sciences Will increase Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Friday, January seventeenth. Traders of document on Friday, January third will probably be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, January third. This can be a constructive change from Roper Applied sciences’s earlier quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Applied sciences’s payout ratio is at the moment 21.95%.
Insider Shopping for and Promoting
In different information, Director Richard F. Wallman offered 1,000 shares of the inventory in a transaction on Thursday, October twenty fourth. The shares had been offered at a median worth of $550.00, for a complete transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the corporate’s inventory, valued at $18,125,250. This represents a 2.95 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is offered at this hyperlink. 0.87% of the inventory is owned by firm insiders.
About Roper Applied sciences
Roper Applied sciences, Inc designs and develops software program, and know-how enabled merchandise and options. It operates by three segments: Software Software program, Community Software program, and Know-how Enabled Merchandise. The Software Software program section gives administration, campus options, diagnostic and laboratory data administration, enterprise software program and data options, transportation administration, monetary and compliance administration, and cloud-based monetary analytics and efficiency administration software program; cloud-based software program to the property and casualty insurance coverage business; and software program, providers, and applied sciences for foodservice operations.
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