- Roper Technologies reported Q3 earnings which beat expectations while the company revised higher full-year estimates.
- The company announced a 10% hike to its quarterly dividend rate; the 28th consecutive year of increasing the annual payout.
- Roper continues to transition towards a greater focus on software applications which is set to drive higher recurring revenues and stronger cash flow generation.
- We like ROP given its dividend growth profile while valuation appears attractive supported by overall solid fundamentals.
For further details see:
Roper Technologies: Focus On Software Applications Supports Dividend Growth Outlook