Roper Technologies Inc. (ROP)

(A Top Pick Oct 28/15. Down 0.95%.) A light asset, industrial company. It has about 43 different businesses in the Warren Buffett model. When they make an acquisition, they keep the president in and the management stays. It is being held down this year because it has quite a bit of exposure to the oil patch through medium technology names. A well regarded company.

One of his past Top picks, and has corrected with the market. This is asset light, and heavy on recurring revenues. Has 40 or so different diversified technology industry companies in medical imaging, radiofrequency, etc., but have been hurt recently in that they have a lot of sensors related to the oil/gas space. Each of their subsidiaries is independently run by its own president. A great name.

This was an old school business that was historically known for valves, pumps and compressors. They have moved into medical imaging, radiofrequency technology, industrial technology, energy systems and controls. Have 50% recurring revenues and 60% margins. They allow the presidents of those different companies to manage their own balance and profit sheets. Dividend yield of 0.54%.