Roper Technologies Inc (ROP) : Carderock Capital Management Inc reduced its stake in Roper Technologies Inc by 1.66% during the most recent quarter end. The investment management company now holds a total of 34,859 shares of Roper Technologies Inc which is valued at $6,140,064 after selling 588 shares in Roper Technologies Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Roper Technologies Inc makes up approximately 3.20% of Carderock Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Montag Caldwell sold out all of its stake in ROP during the most recent quarter. The investment firm sold 1,768 shares of ROP which is valued $311,416.Ingalls Snyder reduced its stake in ROP by selling 1,720 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 73,708 shares of ROP which is valued at $12,979,242. Roper Technologies Inc makes up approx 0.79% of Ingalls Snyder’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in ROP by selling 3,225 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 41,895 shares of ROP which is valued at $7,377,291. Roper Technologies Inc makes up approx 0.11% of Nisa Investment Advisors L.l.c.’s portfolio.Conning boosted its stake in ROP in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 4,733 shares of Roper Technologies Inc which is valued at $833,434. Roper Technologies Inc makes up approx 0.04% of Conning’s portfolio.
Roper Technologies Inc opened for trading at $175.07 and hit $177.7 on the upside on Tuesday, eventually ending the session at $177.51, with a gain of 1.63% or 2.85 points. The heightened volatility saw the trading volume jump to 3,26,240 shares. Company has a market cap of $17,964 M.
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.