Charles Schwab Investment Management Inc. Grows Holdings in Rogers Co. (NYSE:ROG)

Charles Schwab Investment Management Inc. increased its position in shares of Rogers Co. (NYSE:ROG) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,603 shares of the electronics maker’s stock after purchasing an additional 11,876 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.23% of Rogers worth $25,947,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ROG. Asset Dedication LLC acquired a new stake in Rogers in the second quarter worth $25,000. KBC Group NV increased its position in 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 period. Quest Partners LLC increased its position in Rogers by 39,200.0% in the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after buying an additional 784 shares during the period. Central Pacific Bank Trust Division increased its position in Rogers by 61.3% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock worth $113,000 after buying an additional 380 shares during the period. Finally, Algert Global LLC acquired a new stake in Rogers in the second quarter worth $204,000. 96.02% of the stock is currently owned by institutional investors.

Rogers Price Performance

Shares of NYSE ROG opened at $107.28 on Thursday. Rogers Co. has a 1-year low of $96.10 and a 1-year high of $138.85. The business’s fifty day moving average price is $104.58 and its two-hundred day moving average price is $110.88. The firm has a market capitalization of $2.00 billion, a PE ratio of 39.34 and a beta of 0.52.

Rogers (NYSE:ROG) last issued its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $220.20 million. During the same period last year, the company earned $1.24 earnings per share. Equities research analysts expect that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Michael Reed Webb sold 416 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was 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 approximately $478,808. This trade 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 is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.