Roper Technologies Inc.

ROP-N

NYSE:ROP

346.22
0.83 (0.24%)
Roper Technologies, Inc. is an American diversified industrial company that produces engineered products for global niche markets. The company is headquartered in Sarasota, Florida.
More at Wikipedia

Analysis and Opinions about ROP-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 28, 2019
(A Top Pick Jul 29/19, Down 8%) An industrial company, but really software with software margins. You can buy a half position now and see what happens.
(A Top Pick Jul 29/19, Down 8%) An industrial company, but really software with software margins. You can buy a half position now and see what happens.
Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
Price
$332.950
Owned
Yes
BUY
BUY
October 8, 2019
A big holding of his. The current pullback is a buying opportunity. It holds 36 diverse businesses, mid-sized. Recurring revenue, neither low- nor high-tech. They're doing something nice because the shares have done very well over time.
A big holding of his. The current pullback is a buying opportunity. It holds 36 diverse businesses, mid-sized. Recurring revenue, neither low- nor high-tech. They're doing something nice because the shares have done very well over time.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$332.580
Owned
Yes
BUY
BUY
September 10, 2019
Has an amazing chart. When they buy a company, they keep the managers in place to run it. High-recurring revenue. A beauty. He loves it.
Has an amazing chart. When they buy a company, they keep the managers in place to run it. High-recurring revenue. A beauty. He loves it.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$352.440
Owned
Yes
HOLD
HOLD
August 7, 2019
Some of what they do leads into medical devices, which he likes. They do pumps, high frequency components and other medical items. They recently beat earnings. The recent pullback is not too concerning. He is unsure if they are facing any tariff threats. He needs to do more homework on this.
Some of what they do leads into medical devices, which he likes. They do pumps, high frequency components and other medical items. They recently beat earnings. The recent pullback is not too concerning. He is unsure if they are facing any tariff threats. He needs to do more homework on this.
Cameron Hurst
Chief Investment Officer, Equium Capital Management
Price
$348.630
Owned
Unknown
TOP PICK
TOP PICK
July 29, 2019

For the next 10-15 years. ROP is a private equity companies buying little software and engineering companies. They're smart in acquiring companies, like Foundry of the UK, making CGI for Hollywood movies. 70% of revenues are recurring. EBITDA margin is 40%. Good cash flow with more money owed them than going out. (Analysts’ price target is $381.15)

For the next 10-15 years. ROP is a private equity companies buying little software and engineering companies. They're smart in acquiring companies, like Foundry of the UK, making CGI for Hollywood movies. 70% of revenues are recurring. EBITDA margin is 40%. Good cash flow with more money owed them than going out. (Analysts’ price target is $381.15)

Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
Price
$361.310
Owned
Yes
BUY
BUY
June 6, 2019
An industrial conglomerate. They had been big on traditional industrial plays but now are pivoting to software as-a-service revenues. They are well run and spin off a lot of cash. They have a great track record for acquisitions.
An industrial conglomerate. They had been big on traditional industrial plays but now are pivoting to software as-a-service revenues. They are well run and spin off a lot of cash. They have a great track record for acquisitions.
Ian Fung
Vice-president and portfolio manager, Davis Rea
Price
$360.600
Owned
Unknown
WAIT
WAIT
May 27, 2019
Continue to like it, but it's moving up in price. In the S&P, but doesn't get a lot of love because it's smaller. Among other things, software purchasing company. Dividend increased 12% this year, and over 5 years it's averaged 19%. That way, when the price comes off, you still get some income.
Continue to like it, but it's moving up in price. In the S&P, but doesn't get a lot of love because it's smaller. Among other things, software purchasing company. Dividend increased 12% this year, and over 5 years it's averaged 19%. That way, when the price comes off, you still get some income.
Brett Girard, CPA, CA, CFA
CFO and Portfolio Manager, Liberty International Investment Management
Price
$345.220
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 14, 2019
(A Top Pick Jul 11/18, Up 28%) It has one of the best balance sheets and operating metrics he's ever seen. They're ready to do more M&A. They own asset-lite, cash-flow businesses--23 different medium-size businesses.
(A Top Pick Jul 11/18, Up 28%) It has one of the best balance sheets and operating metrics he's ever seen. They're ready to do more M&A. They own asset-lite, cash-flow businesses--23 different medium-size businesses.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$351.630
Owned
Yes
BUY
BUY
November 2, 2018

A midcap and will own for the next 10-20 years. They're good at what they do. Revenue is up 13%. They give you lots of cushion in a down market. Even in a recession, they will grow over time. They turn around their cash flow faster than their net income to allow them to acquire more and pay down debt quickly. 15-20x earnings. Dividend grower. He will add during correections, but has no plans to sell.

A midcap and will own for the next 10-20 years. They're good at what they do. Revenue is up 13%. They give you lots of cushion in a down market. Even in a recession, they will grow over time. They turn around their cash flow faster than their net income to allow them to acquire more and pay down debt quickly. 15-20x earnings. Dividend grower. He will add during correections, but has no plans to sell.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$285.280
Owned
Yes
TOP PICK
TOP PICK
July 11, 2018

It's 40 micro-businesses in software enterprise in areas such as healthcare planning and legal professional services. They have negative working capital which he always believed is a bad thing, but here they're generating cash in their business and never need to consume cash. They can react to change quickly. (Analysts' price target: $300.55)

It's 40 micro-businesses in software enterprise in areas such as healthcare planning and legal professional services. They have negative working capital which he always believed is a bad thing, but here they're generating cash in their business and never need to consume cash. They can react to change quickly. (Analysts' price target: $300.55)

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$276.720
Owned
Yes
BUY
BUY
February 20, 2018

A mini Berkshire. They hold medium-tech and medium-size businesses that are overlooked by the big guys and too big for the little guys. Low volatility. He'd keep buying it.

A mini Berkshire. They hold medium-tech and medium-size businesses that are overlooked by the big guys and too big for the little guys. Low volatility. He'd keep buying it.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$276.740
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 5, 2017

(A Top Pick Nov 8/16. Up 49%.) A very boring company. Has a beautiful chart going back many, many years. A miniature Berkshire Hathaway. Still a great company to buy.

(A Top Pick Nov 8/16. Up 49%.) A very boring company. Has a beautiful chart going back many, many years. A miniature Berkshire Hathaway. Still a great company to buy.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$258.200
Owned
Yes
BUY
BUY
November 1, 2017

They generate so much cash that they are able to pay off most of their debt quickly, so they can then make the next acquisition. They are also into areas such as medical software, TAG technology for the toll roads in Texas, Florida, New Jersey and New York State, and a little bit of oil and gas. They got into the right sectors at the right time. They eschewed all the old industrial stuff they used to have, but still keeps the high margin stuff. They have margins in the 63% range. He still buys this for new clients.

They generate so much cash that they are able to pay off most of their debt quickly, so they can then make the next acquisition. They are also into areas such as medical software, TAG technology for the toll roads in Texas, Florida, New Jersey and New York State, and a little bit of oil and gas. They got into the right sectors at the right time. They eschewed all the old industrial stuff they used to have, but still keeps the high margin stuff. They have margins in the 63% range. He still buys this for new clients.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$258.210
Owned
Yes
TOP PICK
TOP PICK
November 8, 2016

An industrial company. It has been chugging along sideways. Owns a bunch of different high-tech industrial equipment and analytical instruments. There are 43 independent businesses run under the same sort of program the way Warren Buffett runs Berkshire Hathaway. Scientific imaging is about 35% of the business, all the way down to energy and controls. Thinks this is a sneaky little smart play. Dividend yield of 0.69%.

An industrial company. It has been chugging along sideways. Owns a bunch of different high-tech industrial equipment and analytical instruments. There are 43 independent businesses run under the same sort of program the way Warren Buffett runs Berkshire Hathaway. Scientific imaging is about 35% of the business, all the way down to energy and controls. Thinks this is a sneaky little smart play. Dividend yield of 0.69%.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$174.040
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 6, 2016

(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.

(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.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$181.310
Owned
Yes
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