Roper Technologies: Premier Dividend Growth Stock
Summary
One such stock is Roper Technologies (ROP), a company that has a very long history of producing strong growth, and has a nearly three-decade streak of raising its dividend. This longevity and reliable growth in both earnings and the dividend means institutions like Akre Capital Management own the stock in large quantities. Roper’s industrial product portfolio also includes ultrasound accessories, testing instruments, dispensers and metering pumps, control valves, leak detection equipment, consumables and a wide variety of other categories. The company’s earnings-per-share has grown by nearly 19% annually in the past decade, although we expect a modest earnings decline for 2020 given unprecedented pandemic conditions. In addition, Roper has proved willing and able to acquire attractive targets, and management has recently made bullish comments about the opportunities they have in the marketplace for further acquisitions.