Roper Industries Inc. (NYSE:ROP) – Equities researchers at Oppenheimer Holdings cut their Q4 2016 earnings per share estimates for shares of Roper Industries in a report issued on Monday. Oppenheimer Holdings analyst C. Glynn now expects that the firm will earn $1.92 per share for the quarter, down from their prior estimate of $2.03. Oppenheimer Holdings has a “Outperform” rating on the stock.
Several other research analysts have also recently issued reports on the company. Canaccord Genuity reissued a “hold” rating on shares of Roper Industries in a research note on Thursday, May 26th. Stifel Nicolaus dropped their price objective on Roper Industries from $209.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, April 26th. Zacks Investment Research cut Roper Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Raymond James Financial Inc. initiated coverage on Roper Industries in a research note on Wednesday, July 20th. They issued a “strong-buy” rating and a $206.00 price objective on the stock. Finally, Royal Bank Of Canada dropped their price objective on Roper Industries from $201.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $194.40.
Roper Industries (NYSE:ROP) traded up 0.97% during mid-day trading on Thursday, hitting $169.16. The company’s stock had a trading volume of 772,937 shares. The firm’s 50-day moving average is $169.60 and its 200-day moving average is $172.77. Roper Industries has a 12-month low of $150.91 and a 12-month high of $195.93. The company has a market cap of $17.13 billion and a P/E ratio of 25.45.
Other institutional investors have recently modified their holdings of the company. Janus Capital Management raised 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 worth $172,447,000 after buying an additional 157,624 shares during the period. Eagle Asset Management raised 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 worth $22,958,000 after buying an additional 123,765 shares during the period. Finally, Nisa Investment Advisors raised 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 worth $8,563,000 after buying an additional 2,900 shares during the period.
In related news, Director Christopher Wright sold 1,000 shares of the firm’s stock in a transaction 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 owns 69,904 shares in the company, valued at approximately $12,141,625.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 600 shares of the firm’s 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 owns 7,900 shares of the company’s stock, valued at approximately $1,376,733. The disclosure for this sale can be found here.
The company also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were paid a $0.30 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $1.20 dividend on an annualized basis and a yield of 0.72%.
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.
