Rogers Co. (NYSE:ROG) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in Rogers Co. (NYSE:ROG) by 29.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,011 shares of the electronics maker’s stock after selling 831 shares during the quarter. Diversified Trust Co’s holdings in Rogers were worth $204,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Rogers by 29.6% during the third quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker’s stock valued at $8,726,000 after acquiring an additional 17,648 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Rogers during the third quarter valued at approximately $17,517,000. Geode Capital Management LLC raised its holdings in shares of Rogers by 1.3% during the third quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock valued at $46,461,000 after acquiring an additional 5,164 shares during the last quarter. Barclays PLC raised its holdings in shares of Rogers by 285.5% during the third quarter. Barclays PLC now owns 30,580 shares of the electronics maker’s stock valued at $3,457,000 after acquiring an additional 22,647 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Rogers by 51.9% during the third quarter. XTX Topco Ltd now owns 5,165 shares of the electronics maker’s stock valued at $584,000 after acquiring an additional 1,764 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Price Performance

Shares of Rogers stock opened at $95.51 on Monday. The business has a 50 day simple moving average of $103.79 and a two-hundred day simple moving average of $107.70. Rogers Co. has a 12 month low of $94.09 and a 12 month high of $134.07. The stock has a market capitalization of $1.78 billion, a P/E ratio of 35.64 and a beta of 0.53.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $1.24 earnings per share. As a group, research analysts anticipate that Rogers Co. will post 2.71 EPS for the current fiscal year.

Insider Activity

In other news, SVP Michael Reed Webb sold 416 shares of the company’s 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 sale, the senior vice president now directly owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.35% 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.