Principal Financial Group Inc. Sells 11,119 Shares of Rogers Co. (NYSE:ROG)

Principal Financial Group Inc. cut its position in shares of Rogers Co. (NYSE:ROG) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,917 shares of the electronics maker’s stock after selling 11,119 shares during the period. Principal Financial Group Inc. owned about 0.43% of Rogers worth $9,031,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ROG. Nisa Investment Advisors LLC increased its holdings in 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 buying an additional 94 shares during the period. Arizona State Retirement System increased its stake in Rogers by 2.1% in the second quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock valued at $567,000 after acquiring an additional 95 shares during the period. Louisiana State Employees Retirement System raised its position in Rogers by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock worth $1,013,000 after purchasing an additional 100 shares in the last quarter. Wrapmanager Inc. lifted its stake in 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 purchasing an additional 145 shares during the period. Finally, Diversified Trust Co boosted its holdings in Rogers by 5.9% during the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock valued at $321,000 after purchasing an additional 158 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Rogers Trading Down 0.1 %

ROG stock opened at $103.57 on Tuesday. The firm has a market cap of $1.93 billion, a P/E ratio of 38.65 and a beta of 0.51. Rogers Co. has a 1-year low of $96.10 and a 1-year high of $138.85. The business’s 50 day moving average is $104.38 and its 200-day moving average is $112.07.

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

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.