110,008 Shares in Rogers Corporation $ROG Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon purchased 110,008 Rogers shares worth approximately $18.0 million, acquiring a 0.62% stake. Institutional investors collectively own 96.02% of the company.
• Rogers reported quarterly EPS of $0.92, missing analysts’ $0.99 estimate, while revenue of $216.8 million exceeded the $215.0 million consensus forecast. The company guided for third-quarter EPS of $1.10–$1.30.
• ROG opened at $125.15, down 0.3%, with analysts maintaining an overall “Hold” consensus and a $200 average price target; ratings recently included downgrades from Zacks Research and Wall Street Zen.

Bank of New York Mellon Corp purchased a new position in shares of Rogers Corporation (NYSE:ROG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 110,008 shares of the electronics maker's stock, valued at approximately $18,012,000. Bank of New York Mellon Corp owned about 0.62% of Rogers as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming bought a new position in shares of Rogers in the second quarter valued at $42,000. Kemnay Advisory Services Inc. bought a new position in shares of Rogers during the 4th quarter worth approximately $42,000. Parallel Advisors LLC increased its holdings in shares of Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker's stock valued at $94,000 after purchasing an additional 144 shares during the last quarter. Global Retirement Partners LLC grew its stake in Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker's stock valued at $104,000 after buying an additional 1,118 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Rogers during the third quarter worth approximately $127,000. Institutional investors own 96.02% of the company's stock.

Rogers Trading Down 0.3%

NYSE ROG opened at $125.15 on Tuesday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 71.51 and a beta of 0.52. The firm's 50 day simple moving average is $136.51 and its 200 day simple moving average is $128.32. Rogers Corporation has a 1 year low of $75.14 and a 1 year high of $169.00.

Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). Rogers had a net margin of 3.75% and a return on equity of 5.17%. The firm had revenue of $216.80 million for the quarter, compared to analyst estimates of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts forecast that Rogers Corporation will post 3.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ROG shares. Zacks Research cut shares of Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. B. Riley Financial lifted their price target on shares of Rogers to $200.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Finally, Wall Street Zen downgraded Rogers from a "buy" rating to a "hold" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Rogers currently has an average rating of "Hold" and a consensus target price of $200.00.

About Rogers

Rogers Corporation NYSE: ROG is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.

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