ROP Stock Summary and Trading Ideas (Roper Techs | NASDAQ:ROP)

Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.

Roper Techs trades on the NASDAQ stock market under the symbol ROP.

As of April 24, 2024, ROP stock price declined to $537.40 with 337,821 million shares trading.

ROP has a beta of 0.72, meaning it tends to be less sensitive to market movements. ROP has a correlation of 0.40 to the broad based SPY ETF.

ROP has a market cap of $57.51 billion. This is considered a Large Cap stock.

Last quarter Roper Techs reported $2 billion in Revenue and $4.37 earnings per share. This beat revenue expectation by $34 million and exceeded earnings estimates by $.03.

In the last 3 years, ROP stock traded as high as $565.00 and as low as $356.22.

The top ETF exchange traded funds that ROP belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

ROP has underperformed the market in the last year with a return of +21.3%, while the SPY ETF gained +24.2%. In the last 3 month period, ROP fell short of the market, returning -2.7%, while SPY returned +4.5%. However, in the most recent 2 weeks ROP has outperformed the stock market by returning -1.1%, while SPY returned -2.7%.

ROP support price is $533.93 and resistance is $545.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ROP stock will trade within this expected range on the day.