Perpetual Ltd Sells 2,700 Shares of Rogers Co. (NYSE:ROG)

Perpetual Ltd lowered its holdings in Rogers Co. (NYSE:ROG) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,803 shares of the electronics maker’s stock after selling 2,700 shares during the quarter. Perpetual Ltd’s holdings in Rogers were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Diversified Trust Co increased its stake in Rogers by 5.9% in the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock valued at $321,000 after acquiring an additional 158 shares during the period. Redwood Investment Management LLC grew its stake in Rogers by 4.9% during the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock worth $509,000 after buying an additional 216 shares during the last quarter. KBC Group NV grew its stake in Rogers by 54.5% during the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after buying an additional 236 shares during the last quarter. Procyon Advisors LLC grew its stake in Rogers by 11.9% during the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after buying an additional 331 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Rogers by 15.3% during the second quarter. Hsbc Holdings PLC now owns 2,797 shares of the electronics maker’s stock worth $339,000 after buying an additional 371 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at Rogers

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 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 directly owns 4,400 shares in the company, valued at approximately $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 accessible through this link. 1.35% of the stock is owned by company insiders.

Rogers Trading Down 1.4 %

Shares of Rogers stock opened at $97.18 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 36.26 and a beta of 0.53. Rogers Co. has a 1-year low of $93.81 and a 1-year high of $134.07. The firm’s 50-day moving average price is $101.97 and its two-hundred day moving average price is $106.40.

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, topping the consensus estimate of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The firm had revenue of $210.30 million for the quarter, compared to analysts’ expectations of $220.20 million. During the same period in the prior year, the firm earned $1.24 earnings per share. As a group, equities research analysts predict that Rogers Co. will post 2.71 EPS for the current year.

About Rogers

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.