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TheStreet Wire

Roper Stock Hits New 52-Week High (ROP)

By TheStreet Wire 07/30/12 - 10:25 AM EDT

Find out if (ROP) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Roper Industries (NYSE:ROP) hit a new 52-week high Monday as it is currently trading at $107.72, above its previous 52-week high of $103.50 with 395,916 shares traded as of 10 a.m. ET. Average volume has been 468,100 shares over the past 30 days.

Roper has a market cap of $9.34 billion and is part of the technology sector and electronics industry. Shares are up 13.5% year to date as of the close of trading on Friday.

Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software. The company has a P/E ratio of 21.2, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Roper as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Roper Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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