Intech Investment Management LLC Purchases 2,707 Shares of Rogers Co. (NYSE:ROG)

Intech Investment Management LLC increased its position in shares of Rogers Co. (NYSE:ROG) by 38.0% during the 3rd quarter, Holdings Channel reports. The firm owned 9,836 shares of the electronics maker’s stock after acquiring an additional 2,707 shares during the period. Intech Investment Management LLC’s holdings in Rogers were worth $1,112,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Rogers by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock valued at $949,000 after acquiring an additional 94 shares in the last quarter. Arizona State Retirement System boosted its stake in Rogers by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock worth $567,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System grew its holdings in Rogers by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock valued at $1,013,000 after buying an additional 100 shares in the last quarter. Wrapmanager Inc. raised its position in shares of Rogers by 5.6% during the second quarter. Wrapmanager Inc. now owns 2,732 shares of the electronics maker’s stock valued at $330,000 after buying an additional 145 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Rogers by 5.9% in the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock worth $321,000 after buying an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the transaction, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. The trade was a 8.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Rogers Stock Down 0.2 %

Shares of ROG stock opened at $102.94 on Thursday. The company’s fifty day simple moving average is $104.59 and its two-hundred day simple moving average is $111.42. Rogers Co. has a 52 week low of $96.10 and a 52 week high of $138.85. The stock has a market cap of $1.92 billion, a P/E ratio of 38.31 and a beta of 0.51.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. The business had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same quarter last year, the business posted $1.24 EPS. On average, analysts anticipate that Rogers Co. will post 2.71 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.