Royce & Associates LP Raises Holdings in Rogers Co. (NYSE:ROG)

Royce & Associates LP increased its position in Rogers Co. (NYSE:ROG) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 543,946 shares of the electronics maker’s stock after acquiring an additional 3,584 shares during the quarter. Rogers comprises 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 28th largest holding. Royce & Associates LP’s holdings in Rogers were worth $61,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC bought a new stake in shares of Rogers in the second quarter valued at approximately $25,000. Bessemer Group Inc. lifted its position in shares of Rogers by 2,926.3% during the first quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 556 shares in the last quarter. KBC Group NV boosted its holdings in shares of Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares during the period. Covestor Ltd grew its position in shares of Rogers by 629.5% in the first quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock valued at $91,000 after purchasing an additional 661 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Rogers by 39,200.0% during the 2nd quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock valued at $95,000 after purchasing an additional 784 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rogers news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $108.82, for a total transaction of $45,269.12. Following the completion of the sale, the senior vice president now directly owns 4,400 shares in the company, valued at $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is currently owned by company insiders.

Rogers Stock Up 0.4 %

Shares of NYSE ROG opened at $104.01 on Friday. The company has a market cap of $1.94 billion, a P/E ratio of 38.81 and a beta of 0.51. Rogers Co. has a 52 week low of $96.10 and a 52 week high of $138.85. The business has a 50-day simple moving average of $104.17 and a two-hundred day simple moving average of $112.41.

Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The company had revenue of $210.30 million during the quarter, compared to analyst estimates of $220.20 million. During the same period last year, the business earned $1.24 earnings per share. Equities research analysts anticipate that Rogers Co. will post 2.71 EPS for the current year.

Rogers Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.