Rogers Co. (NYSE:ROG) Shares Acquired by State Street Corp

State Street Corp lifted its holdings in Rogers Co. (NYSE:ROG) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 706,815 shares of the electronics maker’s stock after buying an additional 8,402 shares during the quarter. State Street Corp’s holdings in Rogers were worth $79,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Asset Dedication LLC acquired a new stake in Rogers during the 2nd quarter worth about $25,000. KBC Group NV boosted its stake 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 buying an additional 236 shares during the last quarter. Quest Partners LLC grew its holdings in Rogers by 39,200.0% during the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after acquiring an additional 784 shares during the period. Central Pacific Bank Trust Division raised its position in Rogers by 61.3% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock valued at $113,000 after acquiring an additional 380 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Rogers in the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Price Performance

Shares of NYSE ROG opened at $104.05 on Wednesday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 38.82 and a beta of 0.52. The firm’s 50 day simple moving average is $104.36 and its 200-day simple moving average is $110.17. Rogers Co. has a 12 month low of $96.10 and a 12 month high of $138.85.

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

Insider Activity at Rogers

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at $478,808. This trade represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Rogers Company 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.