Mercer Global Advisors Inc. ADV Buys Shares of 2,630 Rogers Co. (NYSE:ROG)

Mercer Global Advisors Inc. ADV purchased a new position in Rogers Co. (NYSE:ROG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,630 shares of the electronics maker’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC purchased a new stake in Rogers during the second quarter worth $25,000. Bessemer Group Inc. lifted its stake in shares of Rogers by 2,926.3% during the 1st quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 556 shares during the last quarter. Covestor Ltd boosted its position in Rogers by 629.5% during the first quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock valued at $91,000 after purchasing an additional 661 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Rogers in the first quarter valued at about $95,000. Finally, Quest Partners LLC raised its holdings in Rogers by 39,200.0% in the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 784 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Brian Keith Larabee sold 600 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total value of $74,022.00. Following the completion of the transaction, the vice president now directly owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Rogers Stock Performance

NYSE:ROG opened at $110.24 on Monday. The company’s 50-day simple moving average is $108.29 and its 200-day simple moving average is $114.82. Rogers Co. has a fifty-two week low of $96.41 and a fifty-two week high of $138.85. The stock has a market capitalization of $2.06 billion, a P/E ratio of 30.29 and a beta of 0.49.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.09. The business had revenue of $214.20 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a net margin of 6.75% and a return on equity of 4.67%. During the same period in the previous year, the company earned $1.07 earnings per share. On average, research analysts forecast that Rogers Co. will post 3.04 EPS for the current year.

Rogers 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.