CANADA LIFE ASSURANCE Co Sells 5,655 Shares of Roper Technologies, Inc. (NYSE:ROP)

CANADA LIFE ASSURANCE Co reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.0% in the fourth quarter, Holdings Channel reports. The fund owned 88,572 shares of the industrial products company’s stock after selling 5,655 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Roper Technologies were worth $46,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of ROP. Canada Pension Plan Investment Board increased its position in Roper Technologies by 111.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 33,364 shares of the industrial products company’s stock worth $17,344,000 after buying an additional 17,558 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Roper Technologies during the 4th quarter worth $50,000. First Commonwealth Financial Corp PA purchased a new stake in Roper Technologies in the 4th quarter worth about $205,000. Farringdon Capital Ltd. bought a new stake in Roper Technologies in the 4th quarter valued at about $317,000. Finally, Zacks Investment Management purchased a new stake in Roper Technologies during the fourth quarter valued at about $283,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.2 %

ROP stock opened at $557.24 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The stock has a market cap of $59.84 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. 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’s 50 day moving average is $570.92 and its 200 day moving average is $554.25.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ROP shares. JPMorgan Chase & Co. lowered 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 report on Tuesday, April 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Stifel Nicolaus assumed coverage on Roper Technologies in a report on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target for the company. Robert W. Baird set a $665.00 price objective on Roper Technologies in a research note on Friday, January 31st. Finally, Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $620.73.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Insiders own 0.87% of the company’s stock.

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.