Cue Financial Group Lowers stake in Roper Technologies Inc (ROP)

Roper Technologies Inc (ROP) : Cue Financial Group reduced its stake in Roper Technologies Inc by 2.2% during the most recent quarter end. The investment management company now holds a total of 10,463 shares of Roper Technologies Inc which is valued at $1,779,442 after selling 235 shares in Roper Technologies Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Roper Technologies Inc makes up approximately 1.49% of Cue Financial Group’s portfolio.

Other Hedge Funds, Including , Patton Albertson Miller Group reduced its stake in ROP by selling 1,439 shares or 10.48% in the most recent quarter. The Hedge Fund company now holds 12,297 shares of ROP which is valued at $2,091,351. Roper Technologies Inc makes up approx 0.92% of Patton Albertson Miller Group’s portfolio.Webster Bank N. A. reduced its stake in ROP by selling 93 shares or 4.86% in the most recent quarter. The Hedge Fund company now holds 1,819 shares of ROP which is valued at $309,357. Roper Technologies Inc makes up approx 0.04% of Webster Bank N. A.’s portfolio.British Columbia Investment Management Corp reduced its stake in ROP by selling 5,683 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 70,775 shares of ROP which is valued at $12,034,581. Roper Technologies Inc makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio.

Roper Technologies Inc closed down -0.11 points or -0.06% at $171.91 with 4,39,115 shares getting traded on Friday. Post opening the session at $172.51, the shares hit an intraday low of $171 and an intraday high of $173.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Roper Technologies Inc reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $1.46. The company had revenue of $906.00 million for the quarter, compared to analysts expectations of $896.05 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS.

Many Wall Street Analysts have commented on Roper Technologies Inc. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform” and Lowered the Price Target to $ 200 from a previous price target of $201 .Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 200 from a previous price target of $209 .

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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