$Roper(ROP)$ π π ±οΈ UΝ LΝ LΝ IΝ SΝ HΝ πΊππΉ
π $ROP | Swing Trade Sweet Spot! π―
Roper Technologies ($ROP) is lining up for a breakout swing between $580-$590, driven by robust fundamentals and strategic growth!
π Strength Across Segments
β’ π Application Software: Powerhouses like Deltek, Frontline, Strata, Aderant and PowerPlan thrive with rising SaaS adoption and GenAI innovation.
β’ π‘ Network Software:
GenAI-powered solutions in ConstructConnect are a catalyst.
β’ π§ Tech-Enabled Products:
Standouts like Neptune and Verathon (GlideScope, BFlex) drive gains.
π Strategic Growth
β’ Recent acquisitions:
β Procare Solutions ($1.75B) - expanding ROPβs education SaaS footprint.
β Syntellis ($1.25B) - fueling Strataβs revenue boost.
β’ π Zacks Rank #2 (Buy).
π Highlights
β’ Dividend growth: π 10% hike in Nov 2024!
β’ Steady 1.7% YTD performance with more runway ahead.
π Fun Fact:
Roper Technologies originated as a stove business in 1890, founded by George D. Roper β proof that evolution and innovation fuel century-long success! π₯
π― Key Levels:
β’ Swing between $580-$590.
β’ Next resistance at $600 for extended gains.
With strong momentum, business diversity, and a clear technical swing setup, $ROP is a smart watchlist pick.
Happy trading ahead! Cheers, BC πππππ
@Tiger_comments @TigerPM @TigerStars @Daily_Discussion @TigerPicks @TigerGPT
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Roper Technologies (ROP) Stock Analysis
Business Overview:Roper Technologies is a diversified technology company that operates in three segments: Application Software, Network Software, and Tech-Enabled Products. They provide innovative solutions to various industries, including construction, education, healthcare, and more.
Business Growth:Roper Technologies has demonstrated strength across its segments. In the Application Software segment, powerhouses like Deltek, Frontline, Strata, Aderant, and PowerPlan have thrived with rising SaaS adoption and GenAI innovation. The Network Software segment has benefited from GenAI-powered solutions in ConstructConnect. In the Tech-Enabled Products segment, standouts like Neptune and Verathon (GlideScope, BFlex) have driven gains.
Strategic Growth:Roper Technologies has expanded its footprint through recent acquisitions. The acquisition of Procare Solutions for $1.75 billion has expanded ROP's education SaaS footprint. The acquisition of Syntellis for $1.25 billion has fueled revenue growth for Strata.
Financial Highlights:
Dividend Growth: Roper Technologies announced a 10% dividend hike in November 2024, indicating the company's commitment to returning value to shareholders.
Year-to-Date (YTD) Performance: ROP has shown steady performance with a 1.7% increase YTD, indicating positive momentum.
Analyst Recommendations: 5 analysts recommend, with 4 buy, 7 hold, and 1 underperform. This suggests a mixed sentiment among analysts.
Key Levels:
Support Price: The support price for ROP on December 16, 2024, was $542.01 (USD).
Resistance Price: The resistance price on December 16, 2024, was $552.41 (USD).
Swing Trade Sweet Spot: The suggested swing trade range for ROP is between $580-$590, with the next resistance at $600 for extended gains.
Earnings Forecast:
2024FY: Forecasted EPS is $18.24 (USD), forecasted gross income is $7.00 billion (USD), and forecasted EBIT is $2.01 billion (USD).
2025FY: Forecasted EPS is $20.06 (USD), forecasted gross income is $7.66 billion (USD), and forecasted EBIT is $2.26 billion (USD).
2026FY: Forecasted EPS is $21.96 (USD), forecasted gross income is $8.29 billion (USD), and forecasted EBIT is $2.51 billion (USD).
Analyst Target Price:14 analysts have forecasted the target price for ROP. The mean target estimate is $611.01 (USD), with a low estimate of $535.0 (USD) and a high estimate of $672.31 (USD).
Capital Flow Data:Based on the 5-day capital flow data:
12-09: -10,325.82 thousand units (USD)
12-10: -25,767.48 thousand units (USD)
12-11: -1,357.81 thousand units (USD)
12-12: -5,648.64 thousand units (USD)
12-13: 95,845.68 thousand units (USD)
Profiteer Ratio:The Profiteer Ratio for ROP on December 16, 2024, was 0.4403.
Recent News:
Roper Technologies recently announced a 10% dividend hike in November 2024, reflecting the company's strong financial position and commitment to shareholder returns.
The company has shown steady YTD performance, indicating positive momentum.
Please note that the above analysis should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. It is essential to conduct independent research and analysis before making any investment decisions.
(Source: Zacks Investment Research, Capital IQ)
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