JPMorgan Chase & Co. Boosts Holdings in Rogers Co. (NYSE:ROG)

JPMorgan Chase & Co. raised its holdings in Rogers Co. (NYSE:ROG) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,211 shares of the electronics maker’s stock after purchasing an additional 17,648 shares during the quarter. JPMorgan Chase & Co. owned 0.41% of Rogers worth $8,726,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ROG. KBC Group NV boosted its stake in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Rogers by 39,200.0% during the 2nd quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after acquiring an additional 784 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Rogers by 61.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 380 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Rogers during the 2nd quarter worth about $204,000. Finally, FMR LLC boosted its stake in shares of Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after acquiring an additional 1,048 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Down 1.0 %

ROG stock opened at $94.48 on Tuesday. The company’s 50-day simple moving average is $103.79 and its 200-day simple moving average is $107.70. Rogers Co. has a 52-week low of $94.09 and a 52-week high of $134.07. The firm has a market cap of $1.76 billion, a P/E ratio of 35.25 and a beta of 0.53.

Rogers (NYSE:ROG) last posted its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The business had revenue of $210.30 million for the quarter, compared to analyst estimates of $220.20 million. During the same period in the prior year, the company posted $1.24 EPS. On average, analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.35% 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.