Rogers Co. (NYSE:ROG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in Rogers Co. (NYSE:ROG) by 79.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,954 shares of the electronics maker’s stock after selling 287,938 shares during the period. Federated Hermes Inc. owned approximately 0.41% of Rogers worth $10,031,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ROG. Asset Management One Co. Ltd. acquired a new position in Rogers in the 3rd quarter worth approximately $224,000. Linden Thomas Advisory Services LLC increased its stake in shares of Rogers by 25.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 2,544 shares of the electronics maker’s stock worth $334,000 after acquiring an additional 520 shares during the period. Inspire Investing LLC raised its holdings in shares of Rogers by 18.7% during the third quarter. Inspire Investing LLC now owns 2,608 shares of the electronics maker’s stock worth $343,000 after purchasing an additional 411 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Rogers by 4,286.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,738 shares of the electronics maker’s stock valued at $2,595,000 after purchasing an additional 19,288 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in Rogers by 137.5% during the third quarter. Panagora Asset Management Inc. now owns 84,016 shares of the electronics maker’s stock valued at $11,046,000 after purchasing an additional 48,635 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Price Performance

Shares of ROG opened at $109.30 on Wednesday. The business’s 50-day moving average is $114.75 and its two-hundred day moving average is $121.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. The company has a market capitalization of $2.04 billion, a P/E ratio of 36.07 and a beta of 0.69. Rogers Co. has a fifty-two week low of $105.48 and a fifty-two week high of $173.16.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. Research analysts predict that Rogers Co. will post 2.93 earnings per share 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.