Roper Industries Inc. (ROP) Shares Gap Up to $171.22
Shares of Roper Industries Inc. (NYSE:ROP) gapped up before the market opened on Wednesday . The stock had previously closed at $170.40, but opened at $171.22. Roper Industries shares last traded at $173.67, with a volume of 325,424 shares traded.
Several analysts recently issued reports on ROP shares. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Roper Industries in a report on Wednesday, May 25th. Zacks Investment Research lowered Roper Industries from a “hold” rating to a “sell” rating in a report on Monday, April 4th. Stifel Nicolaus dropped their target price on Roper Industries from $209.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, April 26th. Canaccord Genuity reiterated a “hold” rating on shares of Roper Industries in a report on Wednesday, April 20th. Finally, Royal Bank Of Canada dropped their target price on Roper Industries from $201.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Roper Industries presently has an average rating of “Buy” and a consensus target price of $192.78.
The stock has a market cap of $17.58 billion and a P/E ratio of 25.59. The company’s 50-day moving average is $170.19 and its 200-day moving average is $173.27.
Roper Industries (NYSE:ROP) last released its quarterly earnings results on Monday, April 25th. The company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.04. During the same quarter in the previous year, the business posted $1.55 earnings per share. The business earned $902 million during the quarter, compared to the consensus estimate of $895.87 million. The firm’s revenue was up 4.5% on a year-over-year basis. On average, analysts expect 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.69%.
In other 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 value of $173,690.00. Following the completion of the sale, the director now directly owns 69,904 shares of the company’s stock, valued at $12,141,625.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 600 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $174.27, for a total transaction of $104,562.00. Following the completion of the sale, the director now directly owns 7,900 shares of the company’s stock, valued at $1,376,733. The disclosure for this sale can be found here.
Other hedge funds have recently made changes to their positions in the company. 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 worth $1,250,000 after buying an additional 118 shares during the period. RidgeWorth Capital Management LLC boosted its stake in shares of Roper Industries by 19.3% in the fourth quarter. RidgeWorth Capital Management LLC now owns 32,681 shares of the company’s stock worth $6,203,000 after buying an additional 5,277 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Roper Industries during the fourth quarter worth about $2,201,000. Investors Capital Advisory Services boosted its stake 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 worth $1,128,000 after buying an additional 221 shares during the period. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Roper Industries during the fourth quarter worth about $1,651,000.
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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