Oppenheimer Assigns Perform On Roper Industries Shares


In a research report sent today to investors, Oppenheimer analyst Christopher Glynn assigned a Perform rating on Roper Industries (NYSE:ROP). No price target was provided.

Glynn wrote, “ROP delivered modest EPS upside on in-line revenues, with 4Q organic growth expected to accelerate to 6-7% (vs. 4% in 3Q14). The Energy Systems segment reported 51% incremental margins driving the upside. Favorable trends that offer an early indication on areas of potential strength in 2015 include a slew of toll & traffic solutions wins (double-digits orders growth), and near 20% orders growth for Compressor Controls (both longer lead time order books). At Industrial, Cornell and Roper pump products both have adoption curve runway for new applications, while 2H15 likely faces some headwind from Neptune’s Toronto project wind-down. At Imaging, Sunquest and MHA are likely to remain the highest growth businesses in Roper’s portfolio.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Christopher Glynn has a total average return of 13.8% and a 73.5% success rate. Glynn is ranked #221 out of 3349 analysts.

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