Bank Of Hawaii Has Cut By $542,184 Its Bank Of America (BAC) Holding; Roper Industries Has 0.96 Sentiment

May 23, 2018 - By Adrian Erickson

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Bank Of Hawaii decreased Bank Of America Corp (BAC) stake by 62.74% reported in 2017Q4 SEC filing. Bank Of Hawaii sold 18,696 shares as Bank Of America Corp (BAC)’s stock declined 1.20%. The Bank Of Hawaii holds 11,102 shares with $328,000 value, down from 29,798 last quarter. Bank Of America Corp now has $307.98 billion valuation. The stock decreased 1.67% or $0.515 during the last trading session, reaching $30.375. About 60.82 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 23, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Roper Industries Inc (ROP) investors sentiment decreased to 0.96 in Q4 2017. It’s down -0.32, from 1.28 in 2017Q3. The ratio dropped, as 235 investment professionals opened new and increased positions, while 244 cut down and sold their equity positions in Roper Industries Inc. The investment professionals in our database now possess: 95.52 million shares, down from 98.93 million shares in 2017Q3. Also, the number of investment professionals holding Roper Industries Inc in top ten positions increased from 17 to 20 for an increase of 3. Sold All: 32 Reduced: 212 Increased: 173 New Position: 62.

Analysts await Roper Technologies, Inc. (NYSE:ROP) to report earnings on July, 30. They expect $2.70 EPS, up 20.54% or $0.46 from last year’s $2.24 per share. ROP’s profit will be $278.53M for 25.76 P/E if the $2.70 EPS becomes a reality. After $2.61 actual EPS reported by Roper Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.45% EPS growth.

More important recent Roper Technologies, Inc. (NYSE:ROP) news were published by: Themiddlemarket.com which released: “M&A daily wrap: Houlihan Lokey, BearTooth Advisors, NYSE, Stacey Cunningham, Adobe, Magento” on May 22, 2018, also Streetinsider.com published article titled: “Roper Technologies (ROP) to Acquire PowerPlan for $1.1B”, Globenewswire.com published: “Roper Technologies to Acquire PowerPlan, Leading Provider of Software and Solutions for Financial and Compliance …” on May 21, 2018. More interesting news about Roper Technologies, Inc. (NYSE:ROP) was released by: Bizjournals.com and their article: “Here’s what you need to know about Tampa Bay’s next big public company” with publication date: May 15, 2018.

Roper Technologies, Inc. designs and develops software, and engineered products and solutions. The company has market cap of $28.70 billion. It operates in four divisions: Medical & Scientific Imaging; RF Technology; Industrial Technology; and Energy Systems & Controls. It has a 29.63 P/E ratio. The firm offers diagnostic and laboratory software solutions; patient positioning devices and related software, 3-D measurement technology, and diagnostic and therapeutic disposable products; non-invasive instruments and video laryngoscopes; and a cloud financial analytics and performance software platform, as well as electron filters, charged couple devices, and complementary metal oxide semiconductor cameras, detectors, and related software.

Clear Harbor Asset Management Llc holds 13.56% of its portfolio in Roper Technologies, Inc. for 278,422 shares. Inverness Counsel Llc Ny owns 718,593 shares or 11.68% of their US portfolio. Moreover, Alleghany Corp De has 6.89% invested in the company for 896,175 shares. The Virginia-based Akre Capital Management Llc has invested 5.57% in the stock. Provident Investment Management Inc., a Michigan-based fund reported 125,357 shares.

The stock decreased 0.56% or $1.57 during the last trading session, reaching $278.21. About 215,678 shares traded. Roper Technologies, Inc. (ROP) has risen 35.33% since May 23, 2017 and is uptrending. It has outperformed by 23.78% the S&P500.

Ratings analysis reveals 75% of Roper’s analysts are positive. Out of 4 Wall Street analysts rating Roper, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. ROP was included in 4 notes of analysts from October 19, 2016. The firm earned “Outperform” rating on Friday, January 6 by Oppenheimer. The stock of Roper Technologies, Inc. (NYSE:ROP) has “Overweight” rating given on Friday, January 13 by JP Morgan. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, November 1. The stock of Roper Technologies, Inc. (NYSE:ROP) earned “Hold” rating by Argus Research on Wednesday, October 19.

Since January 1, 0001, it had 1 insider purchase, and 6 selling transactions for $102.24 million activity.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Financial sector the winner today” on May 22, 2018, also Seekingalpha.com with their article: “Bank Of America: Time To Sell?” published on May 08, 2018, Usatoday.com published: “Management, competition: Two important reasons Warren Buffett reads annual reports” on May 23, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” published on May 17, 2018 as well as Bizjournals.com‘s news article titled: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” with publication date: May 23, 2018.

Bank Of Hawaii increased Ishares (HEFA) stake by 122,185 shares to 628,040 valued at $18.64M in 2017Q4. It also upped Alphabet Inc stake by 795 shares and now owns 9,156 shares. Ishares Core Msci (IEMG) was raised too.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Wood downgraded the stock to “Market Perform” rating in Monday, May 16 report. The firm has “Overweight” rating given on Wednesday, November 1 by JP Morgan. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, June 14 report. The stock has “Buy” rating by Jefferies on Tuesday, June 6. The firm has “Buy” rating given on Tuesday, July 18 by Nomura. On Tuesday, September 13 the stock rating was downgraded by Societe Generale to “Hold”. The firm has “Buy” rating given on Tuesday, September 8 by Nomura. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 31 report. The rating was maintained by Robert W. Baird on Tuesday, January 2 with “Hold”. The rating was downgraded by UBS on Wednesday, January 11 to “Neutral”.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.64 earnings per share, up 39.13% or $0.18 from last year’s $0.46 per share. BAC’s profit will be $6.49 billion for 11.87 P/E if the $0.64 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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