Roper Technologies Inc (ROP) was Upgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. JP Morgan advised their investors in a research report released on Aug 1, 2016.
Many Wall Street Analysts have commented on Roper Technologies Inc. Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 196 from a previous price target of $205 .Raymond James Initiated Roper Technologies Inc on Jul 20, 2016 to “Strong Buy”, Price Target of the shares are set at $206.
On the company’s financial health, Roper Technologies Inc reported $1.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $1.61. The company had revenue of $934.00 million for the quarter, compared to analysts expectations of $955.47 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS.
Roper Technologies Inc opened for trading at $168.82 and hit $171.61 on the upside on Friday, eventually ending the session at $170.36, with a gain of 0.73% or 1.24 points. The heightened volatility saw the trading volume jump to 10,30,886 shares. Company has a market cap of $17,241 M.
In a different news, on Jun 7, 2016, Christopher Wright (director) sold 1,000 shares at $173.69 per share price. According to the SEC, on May 25, 2016, Robert D Johnson (director) sold 600 shares at $174.27 per share price. On Apr 25, 2016, Amy Woods Brinkley (director) sold 10 shares at $181.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Roper Technologies Inc. (Roper) formerly Roper Industries Inc. is a diversified technology company. The Company operates in four segments including Medical and Scientific Imaging segment which offers products and software in medical applications and digital imaging products; RF Technology segment which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology segment which produces fluid handling pumps materials analysis equipment and consumables leak testing equipment flow measurement and metering equipment and water meter and automatic meter reading products and systems and Energy Systems and Controls segment which produces control systems fluid properties testing equipment industrial valves and controls vibration sensors and controls and non-destructive inspection and measurement products and solutions.