Rogers Co. (NYSE:ROG) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in Rogers Co. (NYSE:ROG) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,971 shares of the electronics maker’s stock after selling 313 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Rogers were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROG. Teacher Retirement System of Texas increased its position in shares of Rogers by 60.7% in the fourth quarter. Teacher Retirement System of Texas now owns 3,332 shares of the electronics maker’s stock worth $440,000 after acquiring an additional 1,259 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Rogers in the fourth quarter worth approximately $470,000. US Bancorp DE increased its position in shares of Rogers by 1.3% in the fourth quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock worth $965,000 after acquiring an additional 94 shares in the last quarter. ACK Asset Management LLC increased its position in shares of Rogers by 10.9% in the fourth quarter. ACK Asset Management LLC now owns 410,200 shares of the electronics maker’s stock worth $54,175,000 after acquiring an additional 40,200 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Rogers by 2.8% in the fourth quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker’s stock worth $192,962,000 after acquiring an additional 39,116 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

Rogers stock opened at $103.23 on Monday. The company has a market cap of $1.93 billion, a P/E ratio of 28.36 and a beta of 0.49. The firm’s 50 day simple moving average is $110.61 and its 200-day simple moving average is $115.17. Rogers Co. has a fifty-two week low of $96.41 and a fifty-two week high of $138.85.

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

Insider Buying and Selling

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

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.