PNC Financial Services Group Inc. Sells 310 Shares of Rogers Co. (NYSE:ROG)

PNC Financial Services Group Inc. reduced its stake in Rogers Co. (NYSE:ROG) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the electronics maker’s stock after selling 310 shares during the period. PNC Financial Services Group Inc.’s holdings in Rogers were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ROG. US Bancorp DE grew its holdings in Rogers by 1.3% during the 4th quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock valued at $965,000 after buying an additional 94 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Rogers by 8.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock valued at $214,000 after acquiring an additional 132 shares in the last quarter. Diversified Trust Co grew its stake in Rogers by 7.7% during the fourth quarter. Diversified Trust Co now owns 2,431 shares of the electronics maker’s stock valued at $321,000 after acquiring an additional 174 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Rogers in the 4th quarter worth approximately $30,000. Finally, New York State Teachers Retirement System boosted its holdings in Rogers by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 26,231 shares of the electronics maker’s stock valued at $3,464,000 after purchasing an additional 245 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Price Performance

Shares of NYSE:ROG opened at $120.61 on Friday. Rogers Co. has a one year low of $105.48 and a one year high of $173.16. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 33.13 and a beta of 0.60. The firm has a fifty day moving average price of $118.51 and a two-hundred day moving average price of $118.81.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Thursday, April 25th. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. Rogers had a return on equity of 5.30% and a net margin of 7.73%. The company had revenue of $213.40 million during the quarter, compared to analyst estimates of $210.00 million. Equities research analysts expect that Rogers Co. will post 3.07 EPS for the current fiscal year.

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.