Shares of Roper Technologies Inc. (NYSE:ROP) traded at a new 52-week high today of $483.00. So far today approximately 111,000 shares have been exchanged, as compared to an average 30-day volume of 380,000 shares.
Roper Technologies Inc. (NYSE:ROP) is currently priced 7.7% above its average consensus analyst price target of $445.41.
In the past 52 weeks, Roper Technologies Inc. share prices are bracketed by a low of $362.90 and a high of $483.00 and is now at $482.32, 33% above that low price.
Roper is a diversified technology company that operates out of four segments: application software; network software and systems; measurement and analytical solutions; and process technologies. 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 firm’s 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.
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