Stifel Financial Corp Decreases Position in Rogers Co. (NYSE:ROG)

Stifel Financial Corp trimmed its holdings in shares of Rogers Co. (NYSE:ROG) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,934 shares of the electronics maker’s stock after selling 300 shares during the period. Stifel Financial Corp’s holdings in Rogers were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROG. Arizona State Retirement System grew its holdings in shares of Rogers by 2.1% in the second 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. Wrapmanager Inc. grew its holdings in Rogers by 5.6% in the 2nd 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. Diversified Trust Co increased its position in shares of Rogers by 5.9% in the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock valued at $321,000 after acquiring an additional 158 shares during the period. Asset Dedication LLC bought a new position in shares of Rogers during the second quarter valued at about $25,000. Finally, Redwood Investment Management LLC boosted its holdings in shares of Rogers by 4.9% during the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock worth $509,000 after purchasing an additional 216 shares during the period. 96.02% of the stock is owned by institutional investors.

Insider Transactions at Rogers

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 value of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. The trade was a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

Rogers Price Performance

ROG opened at $104.52 on Friday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 39.00 and a beta of 0.52. Rogers Co. has a one year low of $96.10 and a one year high of $135.07. The business has a 50 day simple moving average of $104.12 and a two-hundred day simple moving average of $109.32.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. The business 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 previous year, the firm posted $1.24 EPS. As a group, sell-side analysts expect that Rogers Co. will post 2.71 EPS for the current fiscal 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.