Roper Industries Hits New 52-Week High at $144.06 (ROP)
Roper Industries (NYSE:ROP)’s share price hit a new 52-week high on Friday , Stock Ratings News reports. The company traded as high as $144.06 and last traded at $144.06, with a volume of 124,847 shares. The stock had previously closed at $143.40.
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 $150.00 to $163.00 in a research note on Thursday, May 8th. They now have an “overweight” rating on the stock. Analysts at Canaccord Genuity raised their price target on shares of Roper Industries from $135.00 to $140.00 in a research note on Tuesday, April 29th. They now have a “hold” rating on the stock.
The stock has a 50-day moving average of $138. and a 200-day moving average of $135.. The company has a market cap of $14.440 billion and a price-to-earnings ratio of 25.70.
Roper Industries (NYSE:ROP) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.11. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $829.22 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that Roper Industries will post $6.30 EPS for the current fiscal year.
In other Roper Industries news, CFO John Humphrey unloaded 58,084 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $142.22, for a total value of $8,260,706.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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