Taylor Wealth Management Partners Lowers stake in Roper Technologies Inc (ROP)

Roper Technologies Inc (ROP) : Taylor Wealth Management Partners reduced its stake in Roper Technologies Inc by 23.55% during the most recent quarter end. The investment management company now holds a total of 46,611 shares of Roper Technologies Inc which is valued at $8,257,139 after selling 14,359 shares in Roper Technologies Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Roper Technologies Inc makes up approximately 3.92% of Taylor Wealth Management Partners’s portfolio.

Roper Technologies Inc opened for trading at $176.25 and hit $179.12 on the upside on Monday, eventually ending the session at $178.83, with a gain of 0.95% or 1.68 points. The heightened volatility saw the trading volume jump to 3,96,536 shares. Company has a market cap of $18,073 M.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in ROP in the latest quarter, The investment management firm added 2,692 additional shares and now holds a total of 22,761 shares of Roper Technologies Inc which is valued at $4,032,111. Roper Technologies Inc makes up approx 0.11% of Capstone Asset Management Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ROP in the latest quarter, The investment management firm added 2,725 additional shares and now holds a total of 23,113 shares of Roper Technologies Inc which is valued at $4,094,468. Roper Technologies Inc makes up approx 0.09% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Vigilant Capital Management reduced its stake in ROP by selling 50 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 400 shares of ROP which is valued at $70,672. Roper Technologies Inc makes up approx 0.01% of Vigilant Capital Management’s portfolio.

On the company’s financial health, Roper Technologies Inc reported $1.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 1, 2016. Analyst had a consensus of $1.87. The company had revenue of $947.60 million for the quarter, compared to analysts expectations of $963.63 million. During the same quarter in the previous year, the company posted $1.85 EPS.

Many Wall Street Analysts have commented on Roper Technologies Inc. Shares were Reiterated by RBC Capital Mkts on Feb 2, 2016 to “Outperform” and Lowered the Price Target to $ 201 from a previous price target of $214 .Shares were Reiterated by Stifel on Feb 2, 2016 to “Buy” and Lowered the Price Target to $ 186 from a previous price target of $190 .

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.

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