Return on equity (ROE) measures the rate of return on the ownership interest (shareholders’ equity) of the common stock owners. On average, analysts forecast that Roper Industries Inc. will post $6.98 EPS for the current year. ( ROP ) announced a profit for second quarter that dropped from past year.
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For the third quarter of 2016, Roper Technologies expects adjusted earnings per share in the range of $1.59 – $1.63.
Q2 GAAP income surged 5% to $932 million and adjusted income grew 5% to $934 million. Boeing (BA) released its 2016 Pilot and Technician Outlook at EAA AirVenture Oshkosh and projects a demand for around 1.5 million pilots and technicians over the next 20 years. That would represent a -5.29% year-over-year decrease. Canaccord Genuity reaffirmed a hold rating on shares of Roper Industries in a research report on Thursday, May 26th. Raymond James Financial Inc. started coverage on shares of Roper Industries in a report on Wednesday, July 20th. Also, the number of funds holding Roper Industries Inc in their top 10 holdings decreased from 21 to 19 for a decrease of 2. Finally, Royal Bank Of Canada dropped their price target on shares of Roper Industries from $201.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, April 26th. Gabelli initiated Roper Industries Inc.’s stock on October 7 with “Buy” rating. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings. Shares of Roper Technologies Inc (NYSE:ROP) now have an ABR of 1.82, derived from a total of 11 opinions.
About 570,018 shares traded hands. Roper Industries has a 12-month low of $150.91 and a 12-month high of $195.93. The stock has a 50 day moving average of $170.27 and a 200-day moving average of $173.16. Eagle Asset Management now owns 146,520 shares of the company’s stock worth $22,958,000 after buying an additional 123,765 shares during the last quarter. The shares were sold at an average price of $173.69, for a total transaction of $173,690.00. Following the sale, the director now owns 69,904 shares in the company, valued at approximately $12,141,625.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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In other news, Director Christopher Wright sold 1,000 shares of Roper Industries stock in a transaction dated Monday, June 6th. The total 2.04 million shares were bought and sold throughout the most recent trading session less than average volume of 3.6 million shares.
