Roper Technologies Inc
ROP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@h | LOCK|p% | LOCK|N&dK@j |
Roper Earnings: Growth Fueled by Portfolio Expansion With Mixed Organic Performance
Wide-moat Roper Technologies reported sound third-quarter results that marginally surpassed our top-line expectations on inorganic growth upside. The diversified technology firm and cash compounder reported varied organic growth across a broad portfolio of software and legacy industrial offerings, alongside contribution from recently acquired firms. Following the result, we raise our fair value estimate to $490 per share, from $480, on time value of money, yet shares continue to screen as overvalued on a risk-adjusted basis.
