Should You Avoid Roper Industries, Inc. (ROP)?

Roper Industries, Inc. (NYSE:ROP) was in 19 hedge funds’ portfolio at the end of the first quarter of 2013. ROP has experienced a decrease in hedge fund sentiment in recent months. There were 19 hedge funds in our database with ROP holdings at the end of the previous quarter.

Roper Industries, Inc. (NYSE:ROP)At the moment, there are many methods market participants can use to track stocks. Some of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the top investment managers can outclass the broader indices by a very impressive margin (see just how much).

Equally as important, optimistic insider trading sentiment is a second way to parse down the investments you’re interested in. Obviously, there are a variety of stimuli for a bullish insider to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Several empirical studies have demonstrated the impressive potential of this tactic if investors know what to do (learn more here).

With these “truths” under our belt, we’re going to take a glance at the latest action encompassing Roper Industries, Inc. (NYSE:ROP).

How have hedgies been trading Roper Industries, Inc. (NYSE:ROP)?

In preparation for this quarter, a total of 19 of the hedge funds we track held long positions in this stock, a change of 0% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were upping their stakes meaningfully.

When looking at the hedgies we track, David Harding’s Winton Capital Management had the biggest position in Roper Industries, Inc. (NYSE:ROP), worth close to $27.1 million, accounting for 0.5% of its total 13F portfolio. Coming in second is Millennium Management, managed by Israel Englander, which held a $23.7 million position; 0.1% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include Alexander Mitchell’s Scopus Asset Management, Brian Ashford-Russell and Tim Woolley’s Polar Capital and Phill Gross and Robert Atchinson’s Adage Capital Management.

Judging by the fact that Roper Industries, Inc. (NYSE:ROP) has witnessed bearish sentiment from the entirety of the hedge funds we track, we can see that there was a specific group of money managers that slashed their positions entirely heading into Q2. It’s worth mentioning that Matthew Tewksbury’s Stevens Capital Management sold off the biggest position of all the hedgies we watch, valued at an estimated $6.2 million in stock., and Bruce Kovner of Caxton Associates LP was right behind this move, as the fund said goodbye to about $4.5 million worth. These moves are interesting, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

How are insiders trading Roper Industries, Inc. (NYSE:ROP)?

Insider buying is particularly usable when the company in focus has experienced transactions within the past six months. Over the last half-year time frame, Roper Industries, Inc. (NYSE:ROP) has seen zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

With the returns exhibited by Insider Monkey’s research, everyday investors should always keep an eye on hedge fund and insider trading activity, and Roper Industries, Inc. (NYSE:ROP) is an important part of this process.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!