JP Morgan Upgrades Roper Technologies Inc to Neutral

Brokerage firm JP Morgan Upgrades its rating on Roper Technologies Inc(NYSE:ROP). The shares have been rated Neutral. Previously, the analysts had a Underweight rating on the shares. The rating by JP Morgan was issued on Aug 1, 2016.

In a different note, On Jul 27, 2016, JP Morgan said it Maintains its rating on Roper Technologies Inc. In the research note, the firm Lowers the price-target to $164.00 per share. The shares have been rated ‘Underweight’ by the firm. Raymond James said it Initiates Coverage on Roper Technologies Inc, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Strong Buy’ by the firm.

Roper Technologies Inc (ROP) made into the market gainers list on Mondays trading session with the shares advancing 0.57% or 0.97 points. Due to strong positive momentum, the stock ended at $171.68, which is also near the day’s high of $171.73. The stock began the session at $171.12 and the volume stood at 4,11,553 shares. The 52-week high of the shares is $195.93 and the 52 week low is $150.91. The company has a current market capitalization of $17,374 M and it has 10,12,00,868 shares in outstanding.

Roper Technologies Inc(ROP) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $934.00M. Analysts had an estimated revenue of $947.44M. Earnings per share were $1.56. Analysts had estimated an EPS of $1.61.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Christopher Wright (director) sold 1,000 shares at $173.69 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *