Carderock Capital Management Has Cut Roper Technologies (ROP) Position; Fairpointe Capital Cut By $51.99 Million Its New York Times (NYT) Stake

June 23, 2018 - By Marguerite Chambers

Roper Technologies, Inc. (NYSE:ROP) Logo

Fairpointe Capital Llc decreased New York Times (NYT) stake by 25.47% reported in 2018Q1 SEC filing. Fairpointe Capital Llc sold 2.17 million shares as New York Times (NYT)’s stock declined 7.89%. The Fairpointe Capital Llc holds 6.34M shares with $152.79M value, down from 8.51 million last quarter. New York Times now has $4.39B valuation. The stock increased 0.19% or $0.05 during the last trading session, reaching $26.6. About 2.31 million shares traded. The New York Times Company (NYSE:NYT) has risen 34.97% since June 23, 2017 and is uptrending. It has outperformed by 22.40% the S&P500. Some Historical NYT News: 20/04/2018 – DJ New York Times Company Class A, Inst Holders, 1Q 2018 (NYT); 25/05/2018 – UNDER DEAL U.S. WOULD ALLOW ZTE TO BUY AMERICAN PRODUCTS -NEW YORK TIMES, CITING PERSON FAMILIAR; 10/04/2018 – Deputy Attorney General Rod Rosenstein personally approved the FBI raids on Trump’s personal lawyer, The New York Times reports; 19/03/2018 – Cambridge Analytica Denies Claims Recently Made by the NY Times, the Guardian and Channel 4 News; 25/05/2018 – Trump Administration Tells Congress It Has Deal To Revive ZTE: NY Times — MarketWatch; 13/03/2018 – Trump may select Energy Secretary Rick Perry for the position, the New York Times reports, citing two people close to the White House; 30/04/2018 – JP Morgan upgrades New York Times as it thrives under ‘Trump Bump’ news cycle; 11/03/2018 – Trump bashes New York Times over Russia coverage; 25/05/2018 – The Trump administration is telling lawmakers it has reached an agreement to aid Chinese telecom firm ZTE,according to The New York Times and Reuters; 03/05/2018 – New York Times’ profit jumps 66 percent

Carderock Capital Management Inc decreased Roper Technologies Inc (ROP) stake by 6.05% reported in 2018Q1 SEC filing. Carderock Capital Management Inc sold 1,707 shares as Roper Technologies Inc (ROP)’s stock declined 2.11%. The Carderock Capital Management Inc holds 26,504 shares with $7.44M value, down from 28,211 last quarter. Roper Technologies Inc now has $28.50 billion valuation. The stock increased 0.04% or $0.1 during the last trading session, reaching $276.22. About 1.37M shares traded or 202.96% up from the average. Roper Technologies, Inc. (NYSE:ROP) has risen 23.18% since June 23, 2017 and is uptrending. It has outperformed by 10.61% the S&P500. Some Historical ROP News: 05/03/2018 RF lDeas Announces New Embedded and Mobile Credential Readers for Healthcare at HIMSS 2018; 20/04/2018 – ROPER TECHNOLOGIES INC ROP.N FY2018 SHR VIEW $11.08 — THOMSON REUTERS l/B/E/S; 20/04/2018 – ROPER TECHNOLOGIES INC ROP.N SEES FY ADJUSTED SHR $11.08 TO $11.32; 10/04/2018 – CORRECTING and REPLACING — DAT Truckload Freight Marketplace Expands Services with Load Visibility Platform; 20/04/2018 – Roper Technologies Raises 2018 View To Adj EPS $11.08-Adj EPS $11.32; 21/05/2018 – Roper Technologies Expects PowerPlan Acquisition to Be Immediately Cash Accretive; 21/05/2018 – ROPER TECHNOLOGIES TO BUY POWERPLAN IN DEAL VALUED AT $1.1B; 20/04/2018 – ROPER 1Q ADJ REV $1.21B, EST. $1.17B; 06/04/2018 – Shellye L. Archambeau Joins Roper Technologies Board of Directors; 20/04/2018 – Roper Technologies 1Q Adj EPS $2.61

More notable recent Roper Technologies, Inc. (NYSE:ROP) news were published by: Seekingalpha.com which released: “Roper Technologies: A Fantastic Company, Fantastically Priced” on June 14, 2018, also Globenewswire.com with their article: “Roper Technologies Completes Acquisition of PowerPlan” published on June 04, 2018, Globenewswire.com published: “DAT Freight Index: Seasonal Demand Boosts Freight Rates in May” on June 08, 2018. More interesting news about Roper Technologies, Inc. (NYSE:ROP) were released by: Globenewswire.com and their article: “Report: Developing Opportunities within Mercantile Bank, Kindred Healthcare, Ocular Therapeutix, Roper …” published on June 22, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking Charles Akre’s Akre Capital Management Portfolio – Q1 2018 Update” with publication date: May 27, 2018.

Among 13 analysts covering Roper Industries Inc. (NYSE:ROP), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Roper Industries Inc. had 57 analyst reports since July 29, 2015 according to SRatingsIntel. The company was initiated on Wednesday, October 19 by Argus Research. The rating was upgraded by Oppenheimer on Friday, January 6 to “Outperform”. The stock of Roper Technologies, Inc. (NYSE:ROP) earned “Hold” rating by Canaccord Genuity on Thursday, July 27. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, September 20 report. RBC Capital Markets maintained Roper Technologies, Inc. (NYSE:ROP) on Tuesday, February 2 with “Outperform” rating. The rating was initiated by Raymond James on Wednesday, July 20 with “Strong Buy”. Gabelli initiated it with “Buy” rating and $205 target in Wednesday, October 7 report. Raymond James maintained the shares of ROP in report on Wednesday, July 5 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $290.0 target in Sunday, December 10 report. J.P. Morgan upgraded the stock to “Buy” rating in Wednesday, September 20 report.

Investors sentiment decreased to 0.94 in 2018 Q1. Its down 0.02, from 0.96 in 2017Q4. It turned negative, as 42 investors sold ROP shares while 212 reduced holdings. 64 funds opened positions while 176 raised stakes. 94.18 million shares or 1.40% less from 95.52 million shares in 2017Q4 were reported. Maryland-based Brown Advisory Lc has invested 0.05% in Roper Technologies, Inc. (NYSE:ROP). 1.56 million are held by Akre Capital Mngmt Limited Liability Company. Pinebridge Investments LP reported 0.01% stake. The Illinois-based Trust Department Mb Natl Bank N A has invested 0% in Roper Technologies, Inc. (NYSE:ROP). Bluestein R H, Michigan-based fund reported 1,500 shares. Burney owns 1,000 shares. Baystate Wealth Management Limited Liability Co reported 153 shares or 0.01% of all its holdings. Convergence Invest Prtnrs Lc invested 0.01% of its portfolio in Roper Technologies, Inc. (NYSE:ROP). Virtu Fincl accumulated 2,248 shares or 0.03% of the stock. Carroll Assoc owns 138 shares. Sumitomo Mitsui Asset Ltd holds 0.03% or 7,158 shares. Franklin Res reported 5.03M shares. Canada Pension Plan Investment Board stated it has 20,010 shares or 0.01% of all its holdings. Deutsche National Bank Ag holds 0.14% or 742,230 shares. Jane Street Gru Ltd Liability Corp has 0.02% invested in Roper Technologies, Inc. (NYSE:ROP).

Since January 17, 2018, it had 2 insider buys, and 7 sales for $81.59 million activity. 1,000 shares were sold by JOHNSON ROBERT D, worth $283,450 on Monday, March 12. JELLISON BRIAN D sold $20.66 million worth of stock or 74,589 shares. WALLMAN RICHARD F bought $141,295 worth of stock or 500 shares. The insider WRIGHT CHRISTOPHER sold $420,120.

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 $278.53 million for 25.58 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.

Among 6 analysts covering New York Times (NYSE:NYT), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. New York Times had 16 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $1800 target in Thursday, July 27 report. The firm has “Hold” rating by Jefferies given on Monday, July 10. The stock of The New York Times Company (NYSE:NYT) has “Hold” rating given on Monday, June 5 by Jefferies. On Thursday, February 9 the stock rating was initiated by Singular Research with “Sell”. The firm has “Hold” rating by Jefferies given on Thursday, February 8. On Monday, October 16 the stock rating was maintained by Jefferies with “Hold”. J.P. Morgan upgraded the shares of NYT in report on Monday, April 30 to “Buy” rating. On Monday, April 30 the stock rating was upgraded by JP Morgan to “Overweight”. The company was maintained on Thursday, August 6 by FBR Capital. The company was maintained on Wednesday, July 19 by Barclays Capital.

More recent The New York Times Company (NYSE:NYT) news were published by: Seekingalpha.com which released: “NYT at 11-year high; Huber pivots to Buy” on June 21, 2018. Also Seekingalpha.com published the news titled: “Mistakes Happen” on June 21, 2018. Fool.com‘s news article titled: “3 Must-See Quotes From The New York Times” with publication date: June 18, 2018 was also an interesting one.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.44, from 1.44 in 2017Q4. It turned negative, as 26 investors sold NYT shares while 71 reduced holdings. 44 funds opened positions while 53 raised stakes. 126.40 million shares or 11.72% more from 113.15 million shares in 2017Q4 were reported. Millennium Mgmt Limited Liability owns 0.01% invested in The New York Times Company (NYSE:NYT) for 295,760 shares. Strs Ohio stated it has 0.01% of its portfolio in The New York Times Company (NYSE:NYT). Iowa-based Principal Fincl has invested 0.01% in The New York Times Company (NYSE:NYT). Mason Street Limited Liability Company, Wisconsin-based fund reported 64,257 shares. Gabelli Funds invested 0% of its portfolio in The New York Times Company (NYSE:NYT). Wells Fargo And Mn reported 0% in The New York Times Company (NYSE:NYT). Deutsche Financial Bank Ag owns 954,721 shares. Royal Fincl Bank Of Canada has invested 0% in The New York Times Company (NYSE:NYT). 548,600 were accumulated by Canada Pension Plan Investment Board. Fairpointe Capital Limited Liability Com reported 3.19% stake. Moreover, Price T Rowe Associate Md has 0% invested in The New York Times Company (NYSE:NYT) for 62,674 shares. Panagora Asset Mgmt Incorporated owns 17,363 shares or 0% of their US portfolio. Legal & General Pcl invested 0% in The New York Times Company (NYSE:NYT). Retirement Of Alabama reported 165,459 shares stake. Bessemer Group Inc reported 0% in The New York Times Company (NYSE:NYT).

Fairpointe Capital Llc increased Cooper Tire & Rubber Co. (NYSE:CTB) stake by 284,603 shares to 4.19M valued at $122.64 million in 2018Q1. It also upped Patterson Companies Inc (NASDAQ:PDCO) stake by 823,850 shares and now owns 4.80M shares. Jabil Inc (NYSE:JBL) was raised too.

The New York Times Company (NYSE:NYT) Institutional Positions Chart

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