Stifel Financial Corp Trims Stake in Rogers Co. (NYSE:ROG)

Stifel Financial Corp cut its stake in shares of Rogers Co. (NYSE:ROG) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,934 shares of the electronics maker’s stock after selling 300 shares during the period. Stifel Financial Corp’s holdings in Rogers were worth $332,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Asset Dedication LLC purchased a new stake in shares of Rogers in the second quarter worth about $25,000. KBC Group NV increased its stake in Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Rogers by 39,200.0% during the 2nd quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after acquiring an additional 784 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Rogers by 61.3% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 380 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Rogers in the second quarter worth $204,000. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Up 0.4 %

Rogers stock opened at $104.52 on Friday. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $135.07. The company’s 50-day moving average price is $104.12 and its 200-day moving average price is $109.32. The company has a market cap of $1.95 billion, a PE ratio of 39.00 and a beta of 0.52.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.13. Rogers had a return on equity of 4.19% and a net margin of 5.91%. The business had revenue of $210.30 million during the quarter, compared to analyst estimates of $220.20 million. During the same quarter in the previous year, the business earned $1.24 earnings per share. As a group, sell-side analysts expect that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

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.