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 $63.6 million.
  • ROP has traded 5,753 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 0.5%. ROP has a PE ratio of 28. 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 492,600 shares per day over the past 30 days. Roper has a market cap of $18.8 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 0.92 and a short float of 2.6% with 6.63 days to cover. Shares are up 18.8% year-to-date as of the close of trading on Tuesday.

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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, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • ROP's revenue growth has slightly outpaced the industry average of 3.0%. Since the same quarter one year prior, revenues slightly increased by 0.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The current debt-to-equity ratio, 0.55, 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 1.97, 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.
  • The gross profit margin for ROPER TECHNOLOGIES INC is rather high; currently it is at 66.27%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 18.10% is above that of the industry average.
  • 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 3.1% when compared to the same quarter one year prior, going from $155.51 million to $160.42 million.

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