Roper's Buy-and-Integrate Play: Steady Cash Flow Meets M&A Optionality
Roper Technologies (ROP) is a diversified acquirer of vertical software and niche hardware businesses. With $2.55B in free cash flow, a conservative balance sheet (debt/equity ~0.56) and 33+ years of dividend raises, the stock looks attractive around $325 for a long trade that bets on reacceleration via tuck-in M&A and multiple expansion as earning…