Raymond James Financial Inc. Invests $1.59 Million in Rogers Co. (NYSE:ROG)

Raymond James Financial Inc. purchased a new stake in shares of Rogers Co. (NYSE:ROG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,602 shares of the electronics maker’s stock, valued at approximately $1,585,000. Raymond James Financial Inc. owned about 0.08% of Rogers at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ROG. FMR LLC raised 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 purchasing an additional 1,048 shares during the period. SG Americas Securities LLC purchased a new stake in Rogers during the fourth quarter worth about $286,000. Procyon Advisors LLC raised its position in Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after acquiring an additional 331 shares during the period. Hedges Asset Management LLC boosted its stake in Rogers by 36.5% in the fourth quarter. Hedges Asset Management LLC now owns 3,550 shares of the electronics maker’s stock valued at $361,000 after acquiring an additional 950 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Rogers by 5.7% during the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock valued at $440,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CL King assumed coverage on Rogers in a research note on Monday. They issued a “buy” rating and a $85.00 price objective on the stock.

Rogers Price Performance

Shares of NYSE ROG opened at $67.16 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 47.63 and a beta of 0.56. Rogers Co. has a one year low of $65.70 and a one year high of $134.07. The business’s fifty day moving average price is $82.90 and its 200-day moving average price is $96.17.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $192.20 million for the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.60 earnings per share. As a group, equities analysts expect that Rogers Co. will post 3.57 EPS for the current fiscal year.

Rogers 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.