US Bancorp DE Sells 129 Shares of Rogers Co. (NYSE:ROG)

US Bancorp DE trimmed its position in shares of Rogers Co. (NYSE:ROG) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378 shares of the electronics maker’s stock after selling 129 shares during the period. US Bancorp DE’s holdings in Rogers were worth $43,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Rogers by 2.8% during the first quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock valued at $268,367,000 after acquiring an additional 61,598 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Rogers by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after buying an additional 82,922 shares during the period. Nuance Investments LLC purchased a new position in shares of Rogers during the second quarter valued at about $45,354,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Rogers by 100.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock valued at $40,730,000 after buying an additional 169,200 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in shares of Rogers by 1.4% during the third quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock valued at $13,644,000 after buying an additional 1,704 shares during the period. 96.02% of the stock is owned by institutional investors.

Rogers Price Performance

Shares of NYSE ROG opened at $103.64 on Monday. Rogers Co. has a 1 year low of $96.10 and a 1 year high of $138.85. The company’s 50-day moving average is $104.27 and its 200 day moving average is $112.19. The stock has a market capitalization of $1.93 billion, a P/E ratio of 38.67 and a beta of 0.51.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $220.20 million. During the same quarter in the previous year, the company earned $1.24 earnings per share. Research analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.35% of the company’s stock.

About Rogers

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.