Lorem Ipsum Management adds Roper Technologies Inc (ROP) to its portfolio

Roper Technologies Inc (ROP) : Lorem Ipsum Management added new position in Roper Technologies Inc during the most recent quarter end. The investment management firm now holds 27,500 shares of Roper Technologies Inc which is valued at $4.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Roper Technologies Inc makes up approximately 5.48% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in ROP by selling 9,138 shares or 12.23% in the most recent quarter. The Hedge Fund company now holds 65,556 shares of ROP which is valued at $11.6 Million. Roper Technologies Inc makes up approx 0.04% of Hsbc Holdings Plc’s portfolio. Ardevora Asset Management Llp sold out all of its stake in ROP during the most recent quarter. The investment firm sold 117,214 shares of ROP which is valued $20.7 Million. Meiji Yasuda Asset Management Co Ltd. sold out all of its stake in ROP during the most recent quarter. The investment firm sold 1,660 shares of ROP which is valued $292,691. Syntal Capital Partners sold out all of its stake in ROP during the most recent quarter. The investment firm sold 1,103 shares of ROP which is valued $194,282.

Roper Technologies Inc opened for trading at $174.53 and hit $176.15 on the upside on Wednesday, eventually ending the session at $174.08, with a gain of 0.06% or 0.11 points. The heightened volatility saw the trading volume jump to 8,25,844 shares. Company has a market cap of $17,617 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.

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