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Roper Technologies Inc.

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Roper has outperformed the S&P 500 on a year-to-date basis. The stock benefitted from good first-quarter results as well as raised guidance. We continue to believe that the Roper’s asset-light business model will boost financial performance in the long run. Also, winning of key projects like New York City’s MTA project are long term growth drivers. Its aggressive acquisition strategy will continue to help boost its performance. In 2016, Roper spent nearly $3.7 billion in software acquisitions, which include ConstructConnect and Deltek, which will help boost its performance especially in the software and network businesses. Meanwhile, estimates have been stable lately ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in recent quarters. However, stiff competition, weakness in oil and gas, and a leveraged balance sheet remain overhangs. 

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