Institutional Investors Are Buying Roper Industries Inc (NYSE:ROP)

August 24, 2017 - By Peter Erickson

 Institutional Investors Are Buying Roper Industries Inc (NYSE:ROP)

Sentiment for Roper Industries Inc (NYSE:ROP)

Roper Industries Inc (NYSE:ROP) institutional sentiment increased to 1.28 in 2016 Q4. Its up 0.50, from 0.78 in 2016Q3. The ratio is more positive, as 247 investment managers started new and increased stock positions, while 193 sold and decreased their positions in Roper Industries Inc. The investment managers in our partner’s database now own: 96.88 million shares, down from 99.84 million shares in 2016Q3. Also, the number of investment managers holding Roper Industries Inc in their top 10 stock positions increased from 12 to 13 for an increase of 1. Sold All: 27 Reduced: 166 Increased: 183 New Position: 64.

Roper Technologies, Inc. is a technology company. The company has market cap of $23.51 billion. The Firm operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. It has a 34.47 P/E ratio.

About 46,756 shares traded. Roper Technologies Inc (NYSE:ROP) has risen 23.10% since August 24, 2016 and is uptrending. It has outperformed by 6.40% the S&P500.

Clear Harbor Asset Management Llc holds 11.14% of its portfolio in Roper Technologies Inc for 288,962 shares. Inverness Counsel Llc Ny owns 740,528 shares or 10.72% of their US portfolio. Moreover, Alleghany Corp De has 5.68% invested in the company for 899,960 shares. The Ontario – Canada-based Waratah Capital Advisors Ltd. has invested 5.25% in the stock. Akre Capital Management Llc, a Virginia-based fund reported 1.56 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $947,299 activity.

Roper Technologies Inc (NYSE:ROP) Ratings Coverage

Ratings analysis reveals 75% of Roper Industries Inc.’s analysts are positive. Out of 8 Wall Street analysts rating Roper Industries Inc., 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $150 while the high is $27300. The stock’s average target of $228.25 is -0.78% below today’s ($230.04) share price. ROP was included in 35 notes of analysts from July 29, 2015. RBC Capital Markets maintained the shares of ROP in report on Wednesday, April 12 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $201 target in Tuesday, February 2 report. The firm earned “Buy” rating on Wednesday, July 5 by Raymond James. The company was maintained on Friday, July 7 by Stifel Nicolaus. JP Morgan downgraded the shares of ROP in report on Friday, September 11 to “Underweight” rating. As per Friday, March 24, the company rating was downgraded by JP Morgan. The rating was maintained by Oppenheimer with “Buy” on Monday, July 31. The stock has “Outperform” rating by Oppenheimer on Friday, January 6. The rating was maintained by RBC Capital Markets on Monday, July 10 with “Buy”. The rating was upgraded by Zacks on Thursday, August 20 to “Sell”.

More recent Roper Technologies Inc (NYSE:ROP) news were published by: Nasdaq.com which released: “Roper Technologies (ROP) Q2 Earnings: What’s in the Cards?” on July 27, 2017. Also Seekingalpha.com published the news titled: “Roper Technologies (ROP) Q2 2017 Results – Earnings Call Transcript” on July 31, 2017. Fool.com‘s news article titled: “Roper Technologies, Inc. second-quarter earnings: The raw numbers” with publication date: August 01, 2017 was also an interesting one.

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