As Roper Technologies INC (ROP) Valuation Rose, Waratah Capital Advisors LTD Raised Its Position by $12.75 Million

October 2, 2018 - By whatsonthorold

Roper Technologies, Inc. (NYSE:ROP) LogoInvestors sentiment increased to 1.28 in 2018 Q2. Its up 0.34, from 0.94 in 2018Q1. It increased, as 27 investors sold ROP shares while 185 reduced holdings. 69 funds opened positions while 203 raised stakes. 93.51 million shares or 0.70% less from 94.18 million shares in 2018Q1 were reported. Fred Alger Mgmt reported 76,977 shares stake. Cornerstone Advisors Inc owns 7,500 shares or 0.25% of their US portfolio. Atria Limited Liability Com invested in 0.05% or 4,211 shares. Tennessee-based Ftb Advisors Inc has invested 0.06% in Roper Technologies, Inc. (NYSE:ROP). Sawgrass Asset Mngmt Lc stated it has 0.1% in Roper Technologies, Inc. (NYSE:ROP). Caprock reported 0.09% in Roper Technologies, Inc. (NYSE:ROP). Df Dent, Maryland-based fund reported 550,773 shares. Synovus Financial holds 0.05% or 10,426 shares. Strs Ohio owns 290,329 shares or 0.34% of their US portfolio. First Mercantile invested 0.04% in Roper Technologies, Inc. (NYSE:ROP). Regions Fincl accumulated 12,088 shares. Arrow Fincl Corporation holds 0.01% or 111 shares. Fincl Architects reported 5 shares or 0% of all its holdings. Assetmark stated it has 0% in Roper Technologies, Inc. (NYSE:ROP). Profund Advisors Limited Company has invested 0.03% of its portfolio in Roper Technologies, Inc. (NYSE:ROP).

Since May 22, 2018, it had 3 buys, and 3 insider sales for $420,120 activity. WALLMAN RICHARD F bought $149,750 worth of stock. 1,250 Roper Technologies, Inc. (NYSE:ROP) shares with value of $358,713 were sold by WRIGHT CHRISTOPHER.

Waratah Capital Advisors Ltd increased its stake in Roper Technologies Inc (ROP) by 29.68% based on its latest 2018Q2 regulatory filing with the SEC. Waratah Capital Advisors Ltd bought 46,370 shares as the company’s stock rose 6.65% with the market. The hedge fund held 202,622 shares of the capital goods company at the end of 2018Q2, valued at $55.91 million, up from 156,252 at the end of the previous reported quarter. Waratah Capital Advisors Ltd who had been investing in Roper Technologies Inc for a number of months, seems to be bullish on the $30.82 billion market cap company. The stock decreased 0.16% or $0.49 during the last trading session, reaching $298.24. About 132,809 shares traded. Roper Technologies, Inc. (NYSE:ROP) has risen 28.28% since October 2, 2017 and is uptrending. It has outperformed by 12.66% the S&P500.

Waratah Capital Advisors Ltd, which manages about $908.43 million US Long portfolio, decreased its stake in Madison Square Garden Co New Cl A by 15,255 shares to 47,050 shares, valued at $14.59 million in 2018Q2, according to the filing. It also reduced its holding in Albemarle Corp (NYSE:ALB) by 63,969 shares in the quarter, leaving it with 5,641 shares, and cut its stake in Diamondback Energy Inc (NASDAQ:FANG).

More recent Roper Technologies, Inc. (NYSE:ROP) news were published by: Seekingalpha.com which released: “Dividend Champion Spotlight: Roper Technologies, Inc.” on September 20, 2018. Also Foxbusiness.com published the news titled: “Better Buy: Roper Technologies, Inc. vs. Eaton Corporation plc” on September 29, 2018. Seekingalpha.com‘s news article titled: “How Far Could Roper Technologies Fall?” with publication date: September 23, 2018 was also an interesting one.

Roper Technologies, Inc. (NYSE:ROP) Ratings Coverage

Among 5 analysts covering Roper Technologies (NYSE:ROP), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Roper Technologies had 8 analyst reports since April 22, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, April 23. The rating was maintained by JP Morgan on Tuesday, April 24 with “Overweight”. JP Morgan maintained the shares of ROP in report on Tuesday, May 22 with “Overweight” rating. The firm has “Neutral” rating by JP Morgan given on Friday, September 21. The firm has “Buy” rating by Argus Research given on Thursday, August 2. As per Friday, July 27, the company rating was maintained by JP Morgan. The firm has “Hold” rating given on Sunday, April 22 by Robert W. Baird. Raymond James downgraded Roper Technologies, Inc. (NYSE:ROP) on Friday, July 27 to “Outperform” rating.

Roper Technologies, Inc. (NYSE:ROP) Institutional Positions Chart

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