State Street Corp Raises Position in Rogers Co. (NYSE:ROG)

State Street Corp increased its holdings in Rogers Co. (NYSE:ROG - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 706,815 shares of the electronics maker's stock after buying an additional 8,402 shares during the quarter. State Street Corp owned about 3.79% of Rogers worth $79,877,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invenomic Capital Management LP acquired a new stake in shares of Rogers in the third quarter worth $3,057,000. Texas Permanent School Fund Corp grew its position in Rogers by 34.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 19,669 shares of the electronics maker's stock worth $2,372,000 after purchasing an additional 5,005 shares during the period. Granite Investment Partners LLC grew its position in Rogers by 20.8% during the 2nd quarter. Granite Investment Partners LLC now owns 97,963 shares of the electronics maker's stock worth $11,815,000 after purchasing an additional 16,854 shares during the period. Nuance Investments LLC purchased a new position in shares of Rogers during the 2nd quarter valued at about $45,354,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Rogers by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker's stock valued at $25,947,000 after buying an additional 11,876 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Performance

Rogers stock traded down $2.89 during midday trading on Wednesday, hitting $101.16. 116,936 shares of the company were exchanged, compared to its average volume of 147,332. The business has a fifty day simple moving average of $104.40 and a two-hundred day simple moving average of $110.01. The firm has a market capitalization of $1.89 billion, a PE ratio of 37.75 and a beta of 0.52. Rogers Co. has a fifty-two week low of $96.10 and a fifty-two week high of $138.85.

Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The business had revenue of $210.30 million for the quarter, compared to analysts' expectations of $220.20 million. During the same quarter last year, the company earned $1.24 EPS. As a group, equities analysts expect that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Buying and Selling at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total transaction of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

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.