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Roper Industries (NYSE:ROP) hit a new 52-week high during mid-day trading on Wednesday , American Banking & Market News reports. The company traded as high as $151.74 and last traded at $150.91, with a volume of 107,399 shares changing hands. The stock had previously closed at $150.49.

A number of research firms have recently commented on ROP. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Roper Industries in a research note on Tuesday, July 29th. They now have a $170.00 price target on the stock, up previously from $167.00. Separately, analysts at Barclays raised their price target on shares of Roper Industries from $163.00 to $166.00 in a research note on Tuesday, July 29th. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Roper Industries in a research note on Tuesday, July 29th. They now have a $150.00 price target on the stock, up previously from $140.00.

The stock’s 50-day moving average is $145.4 and its 200-day moving average is $139.. The company has a market cap of $15.102 billion and a price-to-earnings ratio of 24.96.

Roper Industries (NYSE:ROP) last announced its earnings results on Monday, July 28th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.06. The company had revenue of $885.00 million for the quarter, compared to the consensus estimate of $873.20 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Roper Industries will post $6.33 EPS 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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