US Bancorp DE Sells 129 Shares of Rogers Co. (NYSE:ROG)

US Bancorp DE lessened its position in Rogers Co. (NYSE:ROG) by 25.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 378 shares of the electronics maker’s stock after selling 129 shares during the period. US Bancorp DE’s holdings in Rogers were worth $43,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Roubaix Capital LLC bought a new position in shares of Rogers in the third quarter worth approximately $1,346,000. Pinnacle Associates Ltd. lifted its stake in shares of Rogers by 1.4% in the third quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $13,644,000 after buying an additional 1,704 shares in the last quarter. Hedges Asset Management LLC lifted its stake in shares of Rogers by 23.8% in the third quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock worth $294,000 after buying an additional 500 shares in the last quarter. Creative Planning lifted its stake in shares of Rogers by 26.1% in the third quarter. Creative Planning now owns 5,531 shares of the electronics maker’s stock worth $625,000 after buying an additional 1,144 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in shares of Rogers by 22.5% in the third quarter. Procyon Advisors LLC now owns 2,777 shares of the electronics maker’s stock worth $314,000 after buying an additional 510 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Activity at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were 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 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 available at the SEC website. 1.35% of the stock is owned by insiders.

Rogers Stock Down 0.4 %

Shares of Rogers stock opened at $103.64 on Monday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 38.67 and a beta of 0.51. The company’s 50 day moving average is $104.27 and its 200 day moving average is $112.19. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $138.85.

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