Oppenheimer Asset Management Inc. Acquires Shares of 3,432 Rogers Co. (NYSE:ROG)

Oppenheimer Asset Management Inc. bought a new position in shares of Rogers Co. (NYSE:ROG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,432 shares of the electronics maker’s stock, valued at approximately $388,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Rogers by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock valued at $268,367,000 after buying an additional 61,598 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Rogers by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after acquiring an additional 82,922 shares in the last quarter. Nuance Investments LLC purchased a new stake in shares of Rogers in the second quarter valued at approximately $45,354,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Rogers by 100.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock worth $40,730,000 after purchasing an additional 169,200 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Rogers by 1.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $13,644,000 after purchasing an additional 1,704 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Down 2.5 %

Shares of NYSE ROG opened at $101.00 on Wednesday. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $138.85. The firm has a market cap of $1.88 billion, a PE ratio of 37.69 and a beta of 0.51. The business has a fifty day simple moving average of $104.44 and a two-hundred day simple moving average of $111.95.

Rogers (NYSE:ROG) last released its quarterly earnings data 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. Rogers had a return on equity of 4.19% and a net margin of 5.91%. The firm had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. During the same period in the previous year, the company posted $1.24 earnings per share. On average, research analysts expect that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Activity

In related news, SVP Michael Reed Webb sold 416 shares of the business’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 value of $45,269.12. Following the completion of the transaction, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.35% of the company’s stock.

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.