NEW YORK ( TheStreet) -- Roper Industries (NYSE: ROP) hit a new 52-week high Wednesday as it traded at $84.92 compared with its previous 52-Week high of $84.86. Roper is changing hands at $84.64 with 26,702 shares traded as of 9:51 a.m. ET. Average volume has been 580,100 shares over the past 30 days. Roper has a market cap of $8 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.5% year to date as of the close of trading on Tuesday.

Roper Industries, Inc. engages in designing, manufacturing, and distributing energy systems and controls, scientific and industrial imaging products and software, industrial technology products, and radio frequency products and services. The company has a P/E ratio of 25.4, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Roper as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. 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.

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