Vigilant Capital Management Lowers stake in Roper Technologies Inc (ROP)

Roper Technologies Inc (ROP) : Vigilant Capital Management reduced its stake in Roper Technologies Inc by 10.0% during the most recent quarter end. The investment management company now holds a total of 360 shares of Roper Technologies Inc which is valued at $62,258 after selling 40 shares in Roper Technologies Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Roper Technologies Inc makes up approximately 0.01% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in ROP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 1,872 shares of Roper Technologies Inc which is valued at $335,837. Roper Technologies Inc makes up approx 0.01% of Gofen Glossberg Il’s portfolio. Headinvest added ROP to its portfolio by purchasing 4,620 company shares during the most recent quarter which is valued at $828,828. Roper Technologies Inc makes up approx 0.29% of Headinvest’s portfolio.Eqis Capital Management reduced its stake in ROP by selling 5 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 3,603 shares of ROP which is valued at $656,863. Roper Technologies Inc makes up approx 0.04% of Eqis Capital Management’s portfolio.

Roper Technologies Inc closed down -0.94 points or -0.54% at $172.94 with 4,83,411 shares getting traded on Friday. Post opening the session at $173.87, the shares hit an intraday low of $172.92 and an intraday high of $175.585 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 $1.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $1.61. The company had revenue of $934.00 million for the quarter, compared to analysts expectations of $955.47 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS.

Many Wall Street Analysts have commented on Roper Technologies Inc. Roper Technologies Inc was Upgraded by JP Morgan to ” Neutral” on Aug 1, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 196 from a previous price target of $205 .Raymond James Initiated Roper Technologies Inc on Jul 20, 2016 to “Strong Buy”, Price Target of the shares are set at $206.

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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