Roper Technologies Inc logo

Roper Technologies Inc

1
NAS:ROP (USA)  
$ 540.41 +2.4 (+0.45%) 10:08 PM EST
41.92
P/B:
3.31
Market Cap:
$ 57.84B
Enterprise V:
$ 63.74B
Volume:
552.49K
Avg Vol (2M):
511.67K
Also Trade In:
Volume:
552.49K
Avg Vol (2M):
511.67K

Business Description

Description
Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.