Roper Technologies Inc. (NYSE:ROP) traded at a new 52-week high today of $497.99. This new high was reached on below average trading volume as 113,000 shares traded hands, while the average 30-day volume is approximately 418,000 shares.
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.
Roper Technologies Inc. share prices have moved between a 52-week high of $497.99 and a 52-week low of $362.90 and are now trading 37% above that low price at $497.63 per share.
Based on a current price of $497.63, Roper Technologies Inc. is currently 6.0% above its average consensus analyst price target of $467.86.
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