Schroder Investment Management Group Has $34.94 Million Holdings in Rogers Co. (NYSE:ROG)

Schroder Investment Management Group trimmed its stake in Rogers Co. (NYSE:ROG - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,676 shares of the electronics maker's stock after selling 31,224 shares during the period. Schroder Investment Management Group owned about 1.83% of Rogers worth $34,940,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ROG. Vestmark Advisory Solutions Inc. bought a new stake in shares of Rogers in the 4th quarter worth about $222,000. FMR LLC grew its stake in Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker's stock worth $261,000 after buying an additional 1,048 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rogers during the fourth quarter worth approximately $286,000. Procyon Advisors LLC raised its stake 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 acquiring an additional 331 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Rogers in the 4th quarter worth approximately $325,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Price Performance

Shares of NYSE:ROG traded down $0.83 during midday trading on Friday, reaching $60.88. The company's stock had a trading volume of 504,089 shares, compared to its average volume of 156,382. The business's fifty day simple moving average is $80.83 and its 200-day simple moving average is $95.31. Rogers Co. has a fifty-two week low of $56.13 and a fifty-two week high of $134.07. The company has a market capitalization of $1.13 billion, a P/E ratio of 43.18 and a beta of 0.51.

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

Wall Street Analyst Weigh In

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

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.