Bank of New York Mellon Corp Sells 3,778 Shares of Rogers Co. (NYSE:ROG)

Bank of New York Mellon Corp reduced its stake in Rogers Co. (NYSE:ROG) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,678 shares of the electronics maker’s stock after selling 3,778 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of Rogers worth $11,754,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ROG. Handelsbanken Fonder AB boosted its stake in Rogers by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 6,072 shares of the electronics maker’s stock worth $617,000 after purchasing an additional 600 shares during the period. Peregrine Capital Management LLC boosted its position in shares of Rogers by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 60,400 shares of the electronics maker’s stock valued at $6,137,000 after acquiring an additional 1,077 shares during the period. Principal Financial Group Inc. grew its stake in Rogers by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 82,455 shares of the electronics maker’s stock valued at $8,378,000 after acquiring an additional 2,538 shares in the last quarter. Rhumbline Advisers increased its holdings in Rogers by 3.3% during the 4th quarter. Rhumbline Advisers now owns 56,248 shares of the electronics maker’s stock worth $5,715,000 after acquiring an additional 1,797 shares during the period. Finally, Canvas Wealth Advisors LLC lifted its stake in Rogers by 38.3% in the 4th quarter. Canvas Wealth Advisors LLC now owns 7,028 shares of the electronics maker’s stock worth $714,000 after purchasing an additional 1,947 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Stock Down 2.8 %

Rogers stock opened at $72.36 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 51.32 and a beta of 0.56. The business has a 50-day simple moving average of $89.90 and a 200 day simple moving average of $99.27. Rogers Co. has a 52 week low of $71.63 and a 52 week high of $134.07.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $192.20 million during the quarter, compared to analyst estimates of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same period in the previous year, the business posted $0.60 earnings per share. On average, research analysts anticipate that Rogers Co. will post 3.57 earnings per share 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.