PTC Inc.

PTC is an industrial software company whose tools help manufacturers design products and run their factories. Its portfolio spans computer-aided design, product lifecycle management and internet-of-things platforms, increasingly delivered through subscriptions that give it recurring, more predictable revenue as customers digitize their engineering and operations. PTC does not pay a dividend, choosing instead to reinvest cash into product development, acquisitions and its shift to a subscription model, with share buybacks as the main form of capital return. For investors this is a growth-oriented software holding rather than an income stock, and its middling score reflects the absence of any dividend rather than weak business fundamentals.