Rogers Co. (NYSE:ROG) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in Rogers Co. (NYSE:ROG - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,254 shares of the electronics maker's stock after selling 7,957 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Rogers worth $7,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Inspire Investing LLC grew its position in Rogers by 5.7% in 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 in the last quarter. Procyon Advisors LLC grew its holdings in shares of Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock valued at $316,000 after purchasing an additional 331 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Rogers by 11.0% in the fourth quarter. Handelsbanken Fonder AB now owns 6,072 shares of the electronics maker's stock valued at $617,000 after purchasing an additional 600 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Rogers by 16.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,786 shares of the electronics maker's stock worth $588,000 after buying an additional 834 shares during the period. Finally, Hedges Asset Management LLC lifted its holdings in 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 buying an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Stock Performance

Shares of ROG traded up $1.12 during midday trading on Tuesday, hitting $55.17. The company had a trading volume of 419,455 shares, compared to its average volume of 169,450. Rogers Co. has a 1 year low of $51.43 and a 1 year high of $134.07. The company's 50-day simple moving average is $71.23 and its 200-day simple moving average is $90.60. The firm has a market capitalization of $1.02 billion, a P/E ratio of 39.13 and a beta of 0.51.

Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $192.20 million for 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 last year, the business earned $0.60 EPS. Equities analysts predict that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, CL King initiated coverage on shares of Rogers in a research note on Monday, March 31st. They issued a "buy" rating and a $85.00 price target for the company.

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.