Recovery in Roper’s Industrial Businesses Offset Sluggish Software and Tolling Tag Sales in 4Q
We’re increasing our fair value estimate for narrow moat Roper to $215 per share from $202, owing to time value of money since our last update, a lower effective tax rate due to U.S. tax reform, and slightly higher longer-term operating margin assumptions. Roper reported a strong close to the year, increasing revenue over 20% in the fourth quarter to $1.23 billion. Acquisitions represented 15%, while sales increased organically year over year by about 5%. Roper’s industrial businesses continued ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.