Large Inflow of Money Detected in Roper Technologies

Roper Technologies (ROP) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $10.23 million worth of transactions were on upticks, whereas, the downticks accounted for $7.05 million worth of transactions. The net money flow was a positive $3.18 million and the uptick to downtick ratio was 1.45. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.69 in their favor. The net money flow into the stock was $1.84 million. The value of block trades done on downticks was only $2.68 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.52 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Roper Technologies (ROP) was trading at $178.54, down $0.03 during day. The stock slid -0.02% over the previous days close. For the week, the stock recorded 0.42% over the previous weeks close.


Also, In the latest statement by the brokerage house, JP Morgan upgrades its outlook on Roper Technologies (NYSE:ROP). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Underweight. The rating by the firm was issued on August 1, 2016.

Shares of Roper Technologies, Inc. rose by 1.02% in the last five trading days and 4.27% for the last 4 weeks. Roper Technologies, Inc. is up 4.83% in the last 3-month period. Year-to-Date the stock performance stands at -5.31%.

Roper Technologies (NYSE:ROP): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $178.73 and $178.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $179.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $178.80, notching a gain of 0.13% for the day. The total traded volume was 387,340 . The stock had closed at $178.57 on the previous day.

In a related news, The director, of Roper Technologies Inc, Johnson Robert D had unloaded 1,400 shares at $173.41 per share in a transaction on August 16, 2016. The total value of transaction was $242,774. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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