Insider Selling: Brian D. Jellison Unloads 13,414 Shares of Roper Industries Stock (ROP)
Roper Industries (NYSE:ROP) CEO Brian D. Jellison unloaded 13,414 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $135.92, for a total transaction of $1,823,230.88. Following the sale, the chief executive officer now directly owns 1,143,800 shares of the company’s stock, valued at approximately $155,465,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
ROP has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Roper Industries from $131.00 to $139.00 in a research note on Tuesday, January 28th. They now have an “overweight” rating on the stock. Analysts at Canaccord Genuity raised their price target on shares of Roper Industries from $128.00 to $135.00 in a research note on Tuesday, January 28th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $135.50.
Shares of Roper Industries (NYSE:ROP) traded down 0.01% on Tuesday, hitting $135.30. The stock had a trading volume of 443,477 shares. Roper Industries has a one year low of $118.01 and a one year high of $142.53. The stock has a 50-day moving average of $136.7 and a 200-day moving average of $131.3. The company has a market cap of $13.437 billion and a P/E ratio of 25.20.
Roper Industries (NYSE:ROP) last announced its earnings results on Monday, January 27th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.05. The company had revenue of $889.00 million for the quarter, compared to the consensus estimate of $881.27 million. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Roper Industries will post $6.20 earnings per share for the current fiscal year.
Roper Industries, Inc (NYSE:ROP) designs, manufactures and distributes radio frequency (RF) products, services and application software, industrial technology products, energy systems and controls and medical and scientific imaging products and software.
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