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

Roper Technologies is a diversified technology company that operates three segments: application software, network software, and technology enabled products. Roper acquires asset light, cash generative businesses and deploys excess cash to acquire further portfolio companies. The firm operates a highly decentralized model with portfolio company management holding autonomy and accountability for key operational decisions, and a small, centralized team overseeing capital deployment and providing executive coaching and reviewing strategic goals.

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

As of January 7, 2025, ROP stock price climbed to $511.12 with 105,175 million shares trading.

ROP has a beta of 0.74, meaning it tends to be less sensitive to market movements. ROP has a correlation of 0.38 to the broad based SPY ETF.

ROP has a market cap of $54.79 billion. This is considered a Large Cap stock.

Last quarter Roper Techs reported $2 billion in Revenue and $4.62 earnings per share. This beat revenue expectation by $35 million and exceeded earnings estimates by $.09.

In the last 3 years, ROP traded as high as $580.09 and as low as $356.22.

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

ROP has underperformed the market in the last year with a price return of -1.4% while the SPY ETF gained +27.7%. ROP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.9% and -2.5%, respectively, while the SPY returned +3.4% and -0.7%, respectively.

ROP support price is $501.33 and resistance is $512.87 (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 shares will trade within this expected range on the day.