Bank of New York Mellon Corp Purchases 10,671 Shares of Rogers Co. (ROG)

Bank of New York Mellon Corp raised its holdings in Rogers Co. (NYSE:ROG) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 361,153 shares of the electronics maker’s stock after acquiring an additional 10,671 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.98% of Rogers worth $48,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Creative Planning grew its position in shares of Rogers by 6,455.6% during the 2nd quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock worth $128,000 after buying an additional 1,162 shares in the last quarter. Victory Capital Management Inc. boosted its position in Rogers by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock valued at $154,000 after purchasing an additional 211 shares in the last quarter. Riverhead Capital Management LLC boosted its position in Rogers by 87.4% during the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock valued at $163,000 after purchasing an additional 699 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Rogers during the second quarter valued at about $163,000. Finally, Pitcairn Co. bought a new stake in Rogers during the third quarter valued at about $202,000. 93.26% of the stock is currently owned by institutional investors.

ROG has been the topic of a number of recent research reports. Zacks Investment Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley reissued a “buy” rating and issued a $180.00 price objective (up from $147.00) on shares of Rogers in a report on Monday, October 30th. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $165.00 price objective on shares of Rogers in a report on Friday, November 3rd. Finally, BidaskClub raised Rogers from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $160.25.

Shares of Rogers Co. (NYSE:ROG) traded down $4.50 during trading hours on Tuesday, hitting $153.67. The stock had a trading volume of 187,800 shares, compared to its average volume of 128,806. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74. The firm has a market capitalization of $2,800.00, a price-to-earnings ratio of 29.51 and a beta of 1.16. Rogers Co. has a 12-month low of $73.25 and a 12-month high of $168.07.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The firm had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue was up 25.1% on a year-over-year basis. analysts forecast that Rogers Co. will post 5.85 earnings per share for the current year.

In other news, insider Bruce D. Hoechner sold 23,200 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey M. Grudzien sold 1,888 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $158.27, for a total value of $298,813.76. Following the transaction, the senior vice president now directly owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,327 shares of company stock worth $4,191,128. 1.50% of the stock is currently owned by company insiders.

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Rogers Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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