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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!