Roper Technologies cut to Hold at Argus on cooling revenue growth

As previously reported, Argus downgraded Roper Technologies (ROP) to Hold from Buy. The company’s balance sheet is clean, and the management has shown a focus on shareholder returns over the years, but its top-line and cash flow growth rates have slowed in recent quarters, while its margins are under pressure, the analyst tells investors in a research note. The company’s outlook calls for growth, but at a mid-single-digit rate instead of its goals for double-digit rates, the firm added.