This morning I added
Roper Industries (ROP) to the Barchart Van Meerten New High portfolio. Roper Industries, Inc. designs, manufactures and distributes specialty industrial controls, fluid handling and analytical instrumentation products worldwide, serving selected segments of a broad range of markets such as oil & gas, scientific research, medical diagnostics, semiconductor, microscopy, chemical and petrochemical processing, large diesel engine and turbine/compressor control applications, bulk-liquid trucking, power generation, and agricultural irrigation industries. Lot's of stuff to monitor!The stock earned a 96% Barchart technical buy rating as well a hitting 16 new highs and price appreciation of 12.01% in the last 20 trading session. With a 75.27% rising Relative Strength Index the stock trades around 78.56.
Wall Street brokerages are using 9 buy and 7 hold reports to push this stock to their clients. A forecast of an 11.60% increase is sales and an 18.80% increase in earnings is nice but the 5 year annual increase of EPS of 15.00% gets my attention for the long term.
Investor sentiment on Motley Fool is high with the CAPS members voting 100 to 7 that the stock will beat the market and the All Stars are in agreement by a vote of 37 to4. Fool notes that 12 of the last 13 articles about the company have been positive.
I like Roper because:
- 96% Barchart technical buy signal
- Rising Relative Strength if 75.27%
- Wall Street on board with buy report based on double digit increase in sales and earnings
- Positive general investor sentiment
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
Disclosure: I am long ROP.