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Stock Market & Financial Investment News

News Breaks
November 16, 2012
05:51 EDTROPRoper Industries upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Roper Industries citing the company's compelling growth and raised its price target for shares to $130 from $112.
News For ROP From The Last 14 Days
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September 2, 2015
16:25 EDTROPHillenbrand to acquire ABEL Pumps from Roper for EUR95M
Hillenbrand (HI) has entered into a definitive agreement to acquire ABEL Pumps and certain of its affiliates from Roper Technologies (ROP) for EUR95M in cash. The transaction is expected to close within approximately 30 days. ABEL specializes in designing, developing and manufacturing piston diaphragm and piston pumps as well as pumping solutions and in providing related parts and service. At the completion of the transaction, ABEL will join Coperion, Rotex and TerraSource Global in Hillenbrand's Process Equipment Group. The transaction is expected to be accretive to Hillenbrand's earnings per share beginning in the first year, net of acquisition costs.

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