Roper Industries Inc. (NYSE:ROP) shares gapped up before the market opened on Friday . The stock had previously closed at $166.72, but opened at $167.27. Roper Industries shares last traded at $169.82, with a volume of 137,875 shares trading hands.

A number of brokerages have issued reports on ROP. Zacks Investment Research upgraded Roper Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd. Canaccord Genuity reiterated a “hold” rating on shares of Roper Industries in a research note on Wednesday, April 20th. Royal Bank Of Canada lowered their price objective on Roper Industries from $201.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, April 26th. Stifel Nicolaus lowered their price objective on Roper Industries from $209.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, April 26th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Roper Industries in a research note on Wednesday, May 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $191.13.

The stock has a market capitalization of $17.21 billion and a P/E ratio of 25.05. The company has a 50 day moving average of $170.72 and a 200 day moving average of $174.24.

Roper Industries (NYSE:ROP) last announced its quarterly earnings data on Monday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.04. The firm earned $902 million during the quarter, compared to the consensus estimate of $895.87 million. During the same period last year, the company earned $1.55 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Roper Industries Inc. will post $6.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $1.20 annualized dividend and a yield of 0.71%.

In related news, Director Robert D. Johnson sold 600 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $174.27, for a total value of $104,562.00. Following the transaction, the director now owns 7,900 shares of the company’s stock, valued at $1,376,733. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Wright sold 1,000 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $173.69, for a total value of $173,690.00. Following the completion of the transaction, the director now directly owns 69,904 shares in the company, valued at approximately $12,141,625.76. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in ROP. Investors Capital Advisory Services boosted its position in shares of Roper Industries by 3.9% in the fourth quarter. Investors Capital Advisory Services now owns 5,949 shares of the company’s stock valued at $1,128,000 after buying an additional 221 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Roper Industries by 1.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,586 shares of the company’s stock valued at $1,250,000 after buying an additional 118 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Roper Industries by 136.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,593 shares of the company’s stock valued at $1,251,000 after buying an additional 3,805 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Roper Industries by 27.3% in the fourth quarter. Victory Capital Management Inc. now owns 6,942 shares of the company’s stock valued at $1,318,000 after buying an additional 1,487 shares during the period. Finally, GAM Holding AG boosted its stake in shares of Roper Industries by 2.3% in the fourth quarter. GAM Holding AG now owns 7,389 shares of the company’s stock valued at $1,402,000 after buying an additional 167 shares during the period.

Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.

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