Bank of New York Mellon Corp Decreases Stake in Rogers Co. (NYSE:ROG)

Bank of New York Mellon Corp lessened its stake in Rogers Co. (NYSE:ROG - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,678 shares of the electronics maker's stock after selling 3,778 shares during the quarter. 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.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker's stock valued at $76,000 after purchasing an additional 236 shares during the period. FMR LLC raised its position in Rogers by 83.1% in the third quarter. FMR LLC now owns 2,309 shares of the electronics maker's stock valued at $261,000 after purchasing an additional 1,048 shares during the period. SG Americas Securities LLC acquired a new position in shares of Rogers in the 4th quarter valued at $286,000. Procyon Advisors LLC grew its holdings in shares of Rogers by 11.9% during the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock worth $316,000 after purchasing an additional 331 shares during the period. Finally, Hedges Asset Management LLC increased its position in shares of Rogers by 36.5% during the 4th quarter. Hedges Asset Management LLC now owns 3,550 shares of the electronics maker's stock worth $361,000 after purchasing an additional 950 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Trading Up 0.2 %

ROG traded up $0.14 on Monday, hitting $78.53. The company had a trading volume of 239,315 shares, compared to its average volume of 139,577. The company's fifty day moving average price is $88.92 and its 200 day moving average price is $98.75. Rogers Co. has a 1 year low of $71.63 and a 1 year high of $134.07. The firm has a market cap of $1.45 billion, a P/E ratio of 55.70 and a beta of 0.56.

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

About Rogers

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.