Trade-Ideas LLC identified Roper Technologies ( ROP) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Roper Technologies as such a stock due to the following factors:

  • ROP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $87.9 million.
  • ROP has traded 10,434 shares today.
  • ROP is trading at a new lifetime high.

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More details on ROP:

Roper Technologies, Inc., a diversified technology company, designs and develops software (both license and software-as-a-service), and engineered products and solutions for healthcare, transportation, food, energy, water, education, and academic research markets worldwide. The stock currently has a dividend yield of 0.6%. ROP has a PE ratio of 26. Currently there are 7 analysts that rate Roper Technologies a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Roper Technologies has been 485,700 shares per day over the past 30 days. Roper has a market cap of $17.4 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 0.62 and a short float of 2.6% with 4.49 days to cover. Shares are up 12.2% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Roper Technologies 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, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 11.7%. Since the same quarter one year prior, revenues slightly increased by 0.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.50, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, ROP has a quick ratio of 1.94, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • ROPER TECHNOLOGIES INC has improved earnings per share by 8.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ROPER TECHNOLOGIES INC increased its bottom line by earning $6.40 versus $5.37 in the prior year. This year, the market expects an improvement in earnings ($6.66 versus $6.40).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Industrial Conglomerates industry average. The net income increased by 8.8% when compared to the same quarter one year prior, going from $157.36 million to $171.28 million.

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