Shares of Roper Technologies Inc (NYSE:ROP) are trading down $6.77 or 3.85% in the pre-market this morning after the company reported record fourth quarter earnings. The company reported an adjusted diluted EPS of $1.83 on 944 million in revenue for the quarter. Their GAAP operating margin came in at 29.5% and EBITDA for the quarter was up 35.9%.
“2015 was a record year for Roper,” said Brian Jellison, Roper’s Chairman, President and CEO. “Growth in our medical, software and RF businesses offset a significant decline in energy markets and negative foreign exchange. Our businesses executed well, driving an 11% increase in free cash flow. We successfully deployed $1.8 billion in strategic acquisitions during the year and are excited about our robust pipeline for 2016. We expect to deploy over $1 billion in 2016, including the January acquisition of CliniSys Group, Ltd. which expands our global presence in software for hospital laboratories.”
Roper Technologies Inc (NYSE:ROP) also provided guidance for 2016, in which they expect to earn between $6.85 and $7.15. The stock closed at $175.67 during the last trading session. It is up 0.33% since June 25, 2015 and is uptrending. It has outperformed the S&P500 by 9.20%.
From a total of 3 analysts covering Roper Industries Inc. (NYSE:ROP) stock, 3 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $215 while the lowest target price is $153. The mean of all analyst targets is $195 which is 11.00% above today’s ($175.67) stock price. Roper Industries Inc. was the topic of 13 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus initiated shares on November 25 with a “Buy” rating. Gabelli initiated ROP stock in a recent report from October 7 with a “Buy” rating.
The institutional sentiment is 0.93 in Q2 2015. It’s the same as in 2015Q2. The ratio is the same, as 44 funds sold all their Roper Technologies Inc shares they owned while 187 reduced their positions. only 37 funds bought stakes while 178 increased their total positions. Institutions now own 85.37 million shares which is 8.44% less than the previous share count of 93.24 million in 2015Q2.
Clear Harbor Asset Management Llc holds 11.43% of its total portfolio in Roper Technologies Inc, equating to 318,668 shares. Inverness Counsel Llc Ny owns 806,424 shares representing 10.69% of their total US portfolio. Moreover, Cryder Capital Partners Llp has 9.06% of their total portfolio invested in the company, equating to 89,492 shares. The Michigan-based Provident Investment Management Inc. has a total of 5.21% of their portfolio invested in the stock. Akre Capital Management Llc, a Virginia-based fund reported 1.35 million shares owned.
Since March 6, 2015, the stock had 0 insider buys, and 1 sale for a total of $255,000 in net activity. Johnson Robert D sold 1,500 shares worth $255,000. Devonshire David W sold 1,500 shares worth $262,546. Wright Christopher sold 4,000 shares worth $702,823. Prezzano Wilbur J sold 6,000 shares worth $1.06M. The insider Humphrey John sold 25,314 shares worth $4.36M.
Roper Technologies, Inc. , formerly Roper Industries, Inc., is a diversified technology company. The company has a market cap of $17.71 billion.