Roper Technologies Inc (ROP) : Holland Capital Management reduced its stake in Roper Technologies Inc by 32.6% during the most recent quarter end. The investment management company now holds a total of 278,377 shares of Roper Technologies Inc which is valued at $48,078,492 after selling 134,633 shares in Roper Technologies Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Roper Technologies Inc makes up approximately 1.78% of Holland Capital Management’s portfolio.
Other Hedge Funds, Including , Fulton Breakefield Broenniman reduced its stake in ROP by selling 454 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 18,764 shares of ROP which is valued at $3,172,429. Roper Technologies Inc makes up approx 0.64% of Fulton Breakefield Broenniman’s portfolio.
Roper Technologies Inc opened for trading at $172.73 and hit $176.43 on the upside on Friday, eventually ending the session at $176.4, with a gain of 1.84% or 3.18 points. The heightened volatility saw the trading volume jump to 14,81,711 shares. Company has a market cap of $17,876 M.
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.