Roper Technologies Inc
ROP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|sg | LOCK|$P% | LOCK|#bX>d% |
Roper's Portfolio and Competitive Advantage Remains Strong and Our Long-Term Thesis Is Intact
Business Strategy and Outlook
Roper Technologies compounds cash flow by acquiring leading businesses in niche markets with durable competitive advantages and redeploying excess cash to acquire additional businesses with incrementally higher rates of return. The firm has pivoted from a legacy industrial base to a diversified technology company dominated by sticky software companies with wide economic moats, including multiple firms with gross retention rates above 95%.
