Roper Technologies, Inc.’s Stock Price Drops to $513.58, Marking a 2.51% Decrease: A Deep Dive into ROP’s Market Performance

Roper Technologies, Inc. (ROP)

513.58 USD -13.20 (-2.51%) Volume: 0.69M

With Roper Technologies, Inc.’s stock price currently at 513.58 USD, experiencing a decrease of -2.51% in the latest trading session with a trading volume of 0.69M, and a Year-To-Date (YTD) percentage change of -5.79%, ROP’s stock performance continues to be a significant point of interest for investors and market watchers.

Latest developments on Roper Technologies, Inc.

Roper Technologies (NYSE:ROP) stock price movements today were driven by several key events. The company’s First Quarter 2024 Earnings beat expectations, leading to a positive market response. The successful acquisitions made by the company were followed by a raised profit forecast. Furthermore, robust Q1 growth led Roper Technologies to raise its 2024 outlook. The company’s strong Q1 performance resulted in Mizuho raising Roper’s price target to $530.00, while Bryn Mawr Capital Management LLC increased its position in the company. However, RBC Capital lowered its stock target by $16.

Roper Technologies, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided insights on Roper Technologies, highlighting the company’s strong 2023 performance. Key takeaways include a 15% revenue growth, 16% EBITDA growth, and 32% free cash flow growth with margins at 32%. The company’s organic revenue growth of 8% sets a positive momentum for 2024. Roper Technologies also made high-quality vertical software acquisitions totaling $2.1 billion in the past year, such as Syntellis and Replicon, improving its M&A pipeline.

A look at Roper Technologies, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Roper Technologies, Inc. is looking at a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in value, growth, and momentum, the company is positioned well for future success. Its strong performance in these areas indicates a promising future for investors and stakeholders.

However, Roper Technologies has a lower score in resilience, indicating potential vulnerabilities in the face of economic challenges. Despite this, the company’s overall outlook remains favorable, especially with its solid scores in value, growth, and momentum. As a manufacturer and distributor of industrial equipment, Roper Technologies continues to innovate and adapt to market demands, showcasing its ability to thrive in the long run.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma