Roper (ROP) is an underappreciated long-term value creator, one which I have provided coverage on exactly a year ago as the company was making an acquisition of a software company, as an example of its continued transformation.
Given that great track record, I like to keep a close eye on M&A developments as the company has quite a unique business model which actually makes great sense if you think about it. Roper aims to hold leading positions in niche segments across a portfolio of software and engineered products and solutions. Typically, these operations