Geode Capital Management LLC Grows Position in Rogers Co. (NYSE:ROG)

Geode Capital Management LLC lifted its position in shares of Rogers Co. (NYSE:ROG) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 411,048 shares of the electronics maker’s stock after purchasing an additional 5,164 shares during the quarter. Geode Capital Management LLC owned about 2.20% of Rogers worth $46,461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Rogers during the 2nd quarter valued at about $217,000. Raymond James & Associates acquired a new stake in Rogers during the 2nd quarter valued at $3,720,000. Louisiana State Employees Retirement System increased 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 worth $1,013,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Rogers by 24.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,810 shares of the electronics maker’s stock worth $460,000 after buying an additional 754 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Rogers by 4.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 82,000 shares of the electronics maker’s stock valued at $9,890,000 after buying an additional 3,529 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Price Performance

Shares of Rogers stock opened at $101.19 on Tuesday. Rogers Co. has a 1-year low of $96.10 and a 1-year high of $137.35. The business has a 50-day moving average of $104.21 and a 200-day moving average of $109.59. The company has a market capitalization of $1.89 billion, a PE ratio of 37.76 and a beta of 0.52.

Rogers (NYSE:ROG) last announced its quarterly earnings data 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. The company had revenue of $210.30 million during 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 period last year, the business earned $1.24 EPS. On average, equities analysts expect that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the sale, the senior vice president now directly owns 4,400 shares in the company, valued at approximately $478,808. The trade was a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is currently owned by 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.