Sequoia Financial Advisors LLC Lowers Holdings in Rogers Co. (NYSE:ROG)

Sequoia Financial Advisors LLC reduced its position in Rogers Co. (NYSE:ROG) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,971 shares of the electronics maker’s stock after selling 342 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rogers were worth $336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Rogers by 1.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock valued at $949,000 after acquiring an additional 94 shares during the last quarter. Arizona State Retirement System increased its position in Rogers by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock worth $567,000 after purchasing an additional 95 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Rogers by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock valued at $1,013,000 after purchasing an additional 100 shares during the period. Inspire Investing LLC lifted its position in shares of Rogers by 3.8% during the 1st quarter. Inspire Investing LLC now owns 3,360 shares of the electronics maker’s stock worth $399,000 after buying an additional 123 shares during the period. Finally, Wrapmanager Inc. raised its position in shares of Rogers by 5.6% during the second quarter. Wrapmanager Inc. now owns 2,732 shares of the electronics maker’s stock worth $330,000 after acquiring an additional 145 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Stock Up 1.6 %

ROG stock opened at $102.90 on Tuesday. The company has a market cap of $1.91 billion, a P/E ratio of 38.40 and a beta of 0.50. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $138.85. The business has a fifty day moving average of $104.37 and a 200-day moving average of $112.88.

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

Insider Buying and Selling at Rogers

In other news, VP Brian Keith Larabee sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $123.37, for a total value of $74,022.00. Following the transaction, the vice president now owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

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.