If you are looking for the best ideas for your portfolio you may want to consider some of Del Principe O’Brien Financial Advisors top stock picks. Del Principe O’Brien Financial Advisors, an investment management firm, is bullish on Roper Technologies Inc (NYSE:ROP) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Roper Technologies Inc (NYSE:ROP) stock. Roper Technologies Inc (NYSE:ROP) manufactures and distributes industrial equipment.
In August 2019, Del Principe O’Brien Financial Advisors had released its Q2 2019 investor letter. Roper Technologies Inc (NYSE:ROP) stock has posted a return of 11.7% in the trailing one year period, outperforming the S&P 500 Index which returned 10.2% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Roper Technologies Inc (NYSE:ROP) stock has risen by 11.8%.
In Q2 2019 investor letter, Del Principe O’Brien Financial Advisors said the fund posted a return of 7.1% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Del Principe O’Brien Financial Advisors about Roper Technologies Inc (NYSE:ROP) stock in the Q2 2019 investor letter.
“Roper Technologies, Inc. (ROP) is a diversified technology company that designs software, develops engineered products, and provides solutions in the healthcare, transportation, commercial construction, food, energy, water, education, and academic research markets. At the time we invested in it, the company boasted a 25-year CAGR of 21.5%. Since first purchasing shares in 2018, we have realized a gain of 36%.”
In Q2 2020, the number of bullish hedge fund positions on Roper Technologies Inc (NYSE:ROP) stock increased by about 18% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Roper’s growth potential. Our calculations showed that Roper Technologies Inc (NYSE:ROP) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.