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 research firms have recently issued reports on ROP. Zacks Investment Research raised Roper Industries from a “sell” rating to a “hold” rating in a report on Thursday, June 23rd. Canaccord Genuity reissued a “hold” rating on shares of Roper Industries in a report on Wednesday, April 20th. Raymond James Financial Inc. assumed coverage on Roper Industries in a research report on Wednesday. They set a “strong-buy” rating and a $206.00 price objective for the company. Royal Bank Of Canada dropped their price objective on Roper Industries from $201.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. Finally, Stifel Nicolaus dropped their price objective on Roper Industries from $209.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, April 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $192.78.
The company’s 50-day moving average is $170.27 and its 200-day moving average is $173.16. The stock has a market capitalization of $17.54 billion and a PE ratio of 25.53.
Roper Industries (NYSE:ROP) last issued its earnings results on Monday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Roper Industries Inc. will post $6.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, July 6th. This represents a $1.20 annualized dividend and a dividend yield of 0.69%.
In other news, Director Robert D. Johnson sold 600 shares of Roper Industries stock in a transaction 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 completion of the transaction, the director now directly owns 7,900 shares in the company, valued at $1,376,733. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 1,000 shares of Roper Industries 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 transaction, the director now owns 69,904 shares of the company’s stock, valued at $12,141,625.76. The disclosure for this sale can be found here.
Other institutional investors recently made changes to their positions in the company. Eagle Asset Management boosted its position in shares of Roper Industries by 543.9% in the third quarter. Eagle Asset Management now owns 146,520 shares of the company’s stock valued at $22,958,000 after buying an additional 123,765 shares during the period. Janus Capital Management boosted its position in shares of Roper Industries by 16.7% in the third quarter. Janus Capital Management now owns 1,100,487 shares of the company’s stock valued at $172,447,000 after buying an additional 157,624 shares during the period. Nisa Investment Advisors boosted its position in shares of Roper Industries by 6.9% in the fourth quarter. Nisa Investment Advisors now owns 45,120 shares of the company’s stock valued at $8,563,000 after buying an additional 2,900 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Roper Industries by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 36,182 shares of the company’s stock valued at $6,867,000 after buying an additional 1,011 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position 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.
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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