Roper Technologies Inc

ROP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$632.00	Zzfv	Rqprjlqd

Roper Earnings: Healthy Enterprise Software Demand and Improving M&A Pipeline

Emma Williams

Jul 24, 2024

Wide-moat Roper Technologies posted reasonable second-quarter results that track our full-year expectations. The diversified technology firm and cash compounder reported mixed organic growth across a portfolio of software and legacy industrial offerings, alongside contribution from recently acquired firms ProCare and Syntellis. Following the result, which marginally missed consensus revenue estimates, Roper shares corrected about 8% toward our unchanged $480 fair value estimate, but they continue to screen as overvalued on a risk-adjusted basis.

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