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Roper Technologies Inc - Stock Quote ROP

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Morningstar's Roper Technologies Inc Stock Analysis

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Is it the right time to buy or sell?

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We Bump Up Roper's FVE; Market Misses Opportunity to Recycle Capital in Better Targets

Joshua Aguilar Senior Analyst

Analyst Note

| Joshua Aguilar |

After reviewing Roper’s announced deal on June 1 that it is selling 16 industrial businesses, we marginally raise our fair value estimate by 2% to $510 per share. Our 2% raise is directionally opposite of the market’s reaction on the trading day. We think the market is missing the long-term benefits from Roper’s ability to recycle its capital into higher-quality assets.

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Roper Technologies Inc's Company Profile

Business Description

Roper is a diversified technology company that operates 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 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.

Contact
6901 Professional Parkway East, Suite 200
Sarasota, FL, 34240
T +1 941 556-2601
Sector Industrials
Industry Specialty Industrial Machinery
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 19,300

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