15,602 Shares in Rogers Co. (NYSE:ROG) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Rogers Co. (NYSE:ROG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

A number of other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Rogers by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker's stock worth $25,947,000 after acquiring an additional 11,876 shares during the period. Quantbot Technologies LP purchased a new position in shares of Rogers during the 3rd quarter worth $720,000. FMR LLC grew its holdings 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. Edgestream Partners L.P. increased its position in shares of Rogers by 321.4% during the 3rd quarter. Edgestream Partners L.P. now owns 10,972 shares of the electronics maker's stock worth $1,240,000 after purchasing an additional 8,368 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in Rogers in the 3rd quarter valued at about $3,057,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

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

Rogers Stock Down 1.3 %

NYSE ROG traded down $0.83 on Friday, reaching $60.88. The stock had a trading volume of 504,089 shares, compared to its average volume of 156,382. The stock has a fifty day moving average price of $80.83 and a two-hundred day moving average price of $95.31. Rogers Co. has a 12-month low of $56.13 and a 12-month high of $134.07. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 43.18 and a beta of 0.51.

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