Washington Trust Bank Discloses New Position in Roper Technologies, Inc.
According to a recent Form 13F filing submitted to the SEC, Washington Trust Bank disclosed a noteworthy new position in Roper Technologies, Inc. (NYSE: ROP) stock. Here’s what you need to know about Roper Technologies, Inc., as well as Washington Trust Bank’s position in shares of ROP stock:
Washington Trust Bank
Spokane, Washington-based Washington Trust Bank Washington Trust Bank is an SBA Preferred Lender with flexible terms and a variety of loan programs, all backed by the Small Business Administration. Washington Trust Bank has over $700 million in assets under management. You can learn more about Washington Trust Bank on their website here.
Washington Trust Bank’s New Position in ROP Stock
According to the most recent 13F filing from Washington Trust Bank, the institutional investment manager added a meaningful position in Roper Technologies, Inc. (NYSE: ROP), with 27,546 shares, which represents approximately 0.0260% of the 106,051,997 total ROP shares outstanding. Based on ROP’s last closing price of $435.95 per share, Washington Trust Bank’s stake in ROP is worth approximately $12,008,678.70, assuming no change in the position size. If you’re not very familiar with Roper Technologies, Inc., learn more below.
Roper Technologies, Inc. (NYSE: ROP)
Roper Technologies, Inc. designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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. It also provides cloud-based data, collaboration, and estimating automation software; electronic marketplace; visual effects and 3D content software; wireless sensor network and solutions; cloud-based software for the life insurance and financial services industries; supply chain software; health care service and software; RFID card readers; data analytics and information; and pharmacy software solutions. In addition, the company offers precision rubber and polymer testing instruments, and data analysis software; ultrasound accessories; testing and analyzing plastic solutions; dispensers and metering pumps; control valves; precision weighing equipment; automated surgical scrub and linen dispensing equipment; water meters; optical and electromagnetic measurement systems; automated leak detection equipment; medical devices; products and services for water and gas utilities; and equipment and consumables. It also provides temperature control and emergency shutoff valves; turbomachinery control hardware, software, and services; specialized pumps; flow meter calibrators and controllers; vibration monitoring systems and controls; analytical instrument; drilling power section; and pressure and level sensors. The company was formerly known as Roper Industries, Inc. and changed its name to Roper Technologies, Inc. in April 2015. The company was incorporated in 1981 and is based in Sarasota, Florida.
Summary
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Washington Trust Bank. Also be sure to check out more recent 13F filing analysis news here.
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