Roper Technologies: Long-Term Compounding Growth Continues [Seeking Alpha]
Roper Technologies, Inc. (ROP)
Last roper technologies, inc. earnings: 4/28 06:55 am
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US:NYSE Investor Relations:
investors.ropertech.com
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Source: Seeking Alpha
The company's long-term growth is driven by diverse software portfolios tailored for niche markets and a strong focus on M&A. Roper has a strong M&A pipeline, with recent acquisitions including Syntellis Performance Solutions and Replicon, and plans for future acquisitions. I presented my bullish view on Roper Technologies ( NASDAQ: ROP ) in my initiation report in July 2023, highlighting their unique software portfolios in various niche markets. The stock price has surged by more than 16% since then. They finished FY23 with 7.8% organic revenue growth and 17% adj. EPS growth. I am impressed by their M&A pipelines, and long-term double-digit earnings growth track record. I reiterate the 'Buy' rating with a one-year target price of $633 per share. Long-term Compounding Growth Continues Over the past decade, Roper has consistently delivered robust organic revenue and M&A growth, as depicted in the chart below. In FY23, they sustained strong growth year with 7.8% organic revenue
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News
- Roper (ROP) Q1 Earnings Surpass Estimates, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Roper Technologies (ROP) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Roper Technologies raises annual profit forecast on steady software demand [Yahoo! Finance]Yahoo! Finance
- Roper Technologies announces first quarter financial results [Yahoo! Finance]Yahoo! Finance
- Roper Technologies announces first quarter financial resultsGlobeNewswire
ROP
Earnings
- 4/26/24 - Miss
ROP
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- ROP's page on the SEC website