The stock of Roper Technologies Inc (NYSE:ROP) is a huge mover today! The stock increased 3.22% or $5.4 on October 31, hitting $173.31. About 2.00 million shares traded hands or 344.46% up from the average. Roper Technologies Inc (NYSE:ROP) has declined 8.00% since March 29, 2016 and is downtrending. It has underperformed by 11.48% the S&P500.
The move comes after 6 months positive chart setup for the $17.50 billion company. It was reported on Oct, 31 by Barchart.com. We have $285.96 PT which if reached, will make NYSE:ROP worth $11.38B more.
Roper Technologies Inc (NYSE:ROP) Ratings Coverage
Out of 5 analysts covering Roper Industries Inc. (NYSE:ROP), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Roper Industries Inc. has been the topic of 19 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Stifel Nicolaus initiated Roper Technologies Inc (NYSE:ROP) rating on Wednesday, November 25. Stifel Nicolaus has “Buy” rating and $215 price target. The firm has “Sell” rating given on Thursday, August 20 by Zacks. The firm earned “Outperform” rating on Tuesday, October 27 by RBC Capital Markets. The rating was upgraded by Zacks to “Sell” on Monday, August 31. The stock of Roper Technologies Inc (NYSE:ROP) has “Strong Buy” rating given on Wednesday, July 20 by Raymond James. The firm has “Hold” rating by Argus Research given on Wednesday, October 19. As per Wednesday, October 7, the company rating was initiated by Gabelli. The firm has “Sell” rating by Zacks given on Friday, August 7. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, February 2. JP Morgan downgraded Roper Technologies Inc (NYSE:ROP) on Friday, September 11 to “Underweight” rating.
According to Zacks Investment Research, “Roper Technologies, Inc. designs and develops software, engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets. Roper Technologies, Inc., formerly known as Roper Industries Inc., is based in Sarasota, Florida.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.06, from 0.97 in 2016Q1. The ratio turned negative, as 41 funds sold all Roper Technologies Inc shares owned while 190 reduced positions. 49 funds bought stakes while 162 increased positions. They now own 95.04 million shares or 4.18% less from 99.19 million shares in 2016Q1.
Jefferies Group Inc has 0% invested in the company for 4,027 shares. Cornerstone Cap Mgmt Holdings Ltd Liability Company last reported 21,839 shares in the company. Bluestein R H Co accumulated 1,500 shares or 0.02% of the stock. Capstone Inv Advisors Ltd Liability Corp has 18,478 shares for 0.06% of their US portfolio. Capital Ww last reported 0.03% of its portfolio in the stock. Rhumbline Advisers holds 0.08% or 166,046 shares in its portfolio. Invesco owns 1.36M shares or 0.08% of their US portfolio. Arizona State Retirement Sys has invested 0.06% of its portfolio in Roper Technologies Inc (NYSE:ROP). Glg Limited Co reported 11,400 shares or 0.15% of all its holdings. Moreover, Babson Cap Limited Co has 0.06% invested in Roper Technologies Inc (NYSE:ROP) for 13,227 shares. Carroll Finance Assoc owns 54 shares or 0% of their US portfolio. Driehaus Mngmt Ltd Com, a Illinois-based fund reported 14,221 shares. Teachers Advsr owns 411,466 shares or 0.12% of their US portfolio. Legacy Private Tru has invested 0.13% of its portfolio in Roper Technologies Inc (NYSE:ROP). Sensible Financial Planning Management holds 149 shares or 0.02% of its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 5 insider sales for $8.11 million net activity. The insider Humphrey John sold $6.91M. Shares for $104,562 were sold by JOHNSON ROBERT D. 4,000 shares were sold by KNOWLING ROBERT E JR, worth $686,155. WRIGHT CHRISTOPHER sold $173,689 worth of Roper Technologies Inc (NYSE:ROP) on Monday, June 6.
More notable recent Roper Technologies Inc (NYSE:ROP) news were published by: Wsj.com which released: “Roper Technologies to Buy ConstructConnect for $632 Million” on October 31, 2016, also Prnewswire.com with their article: “Roper Technologies Announces Second Quarter Results” published on July 25, 2016, Forbes.com published: “Roper Technologies Stock Sees Short Interest Jump 20%” on September 27, 2016. More interesting news about Roper Technologies Inc (NYSE:ROP) were released by: Prnewswire.com and their article: “Roper Technologies Schedules Second Quarter 2016 Financial Results Conference Call” published on March 31, 2016 as well as Nasdaq.com‘s news article titled: “Roper Technologies (ROP) Q3 Earnings: Will It Disappoint?” with publication date: October 26, 2016.
ROP Company Profile
Roper Technologies, Inc., formerly Roper Industries, Inc., incorporated on December 17, 1981, is a technology company. The Firm operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research. The Firm operates through four divisions: Medical and Scientific Imaging, RF Technology, Industrial Technology and Energy Systems and Controls.
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