Roper Industries Inc. (ROP) Sees Unusually-High Trading Volume
Roper Industries Inc. (NYSE:ROP) saw an uptick in trading volume on Tuesday . 644,531 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 532,582 shares.The stock last traded at $171.67 and had previously closed at $170.61.
A number of research firms have weighed in on ROP. Zacks Investment Research downgraded shares of Roper Industries from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Canaccord Genuity restated a “hold” rating on shares of Roper Industries in a report on Thursday, May 26th. Oppenheimer Holdings Inc. restated an “outperform” rating on shares of Roper Industries in a report on Wednesday, May 25th. Stifel Nicolaus cut their price target on shares of Roper Industries from $209.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, April 26th. Finally, Royal Bank Of Canada cut their price target on shares of Roper Industries from $201.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Roper Industries presently has a consensus rating of “Hold” and an average target price of $191.13.
The firm’s 50 day moving average is $170.29 and its 200-day moving average is $173.86. The company has a market capitalization of $17.26 billion and a PE ratio of 25.12.
Roper Industries (NYSE:ROP) last posted its quarterly earnings data on Monday, April 25th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.04. The company had revenue of $902 million for the quarter, compared to the consensus estimate of $895.87 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. Analysts expect that Roper Industries Inc. will post $6.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, July 6th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%.
In other Roper Industries news, Director Christopher Wright sold 1,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $173.69, for a total transaction of $173,690.00. Following the transaction, the director now directly owns 69,904 shares in the company, valued at approximately $12,141,625.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert D. Johnson sold 600 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $174.27, for a total transaction of $104,562.00. Following the transaction, the director now owns 7,900 shares in the company, valued at $1,376,733. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of ROP. Investors Capital Advisory Services increased its position in Roper Industries by 3.9% in the fourth quarter. Investors Capital Advisory Services now owns 5,949 shares of the company’s stock worth $1,128,000 after buying an additional 221 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in 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 worth $1,250,000 after buying an additional 118 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Roper Industries by 136.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,593 shares of the company’s stock worth $1,251,000 after buying an additional 3,805 shares during the period. Victory Capital Management Inc. increased its position in Roper Industries by 27.3% in the fourth quarter. Victory Capital Management Inc. now owns 6,942 shares of the company’s stock worth $1,318,000 after buying an additional 1,487 shares during the period. Finally, GAM Holding AG increased its position in Roper Industries by 2.3% in the fourth quarter. GAM Holding AG now owns 7,389 shares of the company’s stock worth $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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