CANADA LIFE ASSURANCE Co Decreases Holdings in Roper Technologies, Inc. (NYSE:ROP)

CANADA LIFE ASSURANCE Co decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 88,572 shares of the industrial products company's stock after selling 5,655 shares during the period. CANADA LIFE ASSURANCE Co owned 0.08% of Roper Technologies worth $46,007,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ROP. Vanguard Group Inc. grew its holdings in Roper Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock valued at $5,497,467,000 after buying an additional 72,503 shares in the last quarter. Geode Capital Management LLC raised its stake in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after purchasing an additional 29,184 shares in the last quarter. Norges Bank bought a new stake in Roper Technologies in the 4th quarter valued at about $914,052,000. Invesco Ltd. increased its holdings in shares of Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after purchasing an additional 31,531 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock valued at $531,633,000 after buying an additional 360,632 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 1.5 %

Shares of ROP traded up $8.13 during trading hours on Thursday, reaching $559.21. The stock had a trading volume of 208,787 shares, compared to its average volume of 654,430. The firm has a 50-day simple moving average of $569.48 and a 200 day simple moving average of $554.22. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $60.05 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.01%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the transaction, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,101 shares of company stock valued at $4,712,045 over the last three months. Corporate insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ROP. Raymond James reissued a "strong-buy" rating and set a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird set a $665.00 target price on Roper Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $620.73.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.