Deutsche Bank AG Acquires New Stake in Rogers Corporation $ROG

Key Points

• Deutsche Bank acquired 19,299 shares of Rogers Corporation in the second quarter, valued at approximately $3.16 million and representing about 0.11% of the company. Institutional investors collectively own 96.02% of Rogers.
• Analyst sentiment remains mixed: Rogers has a consensus “Hold” rating, with one Buy and two Hold ratings, while the average price target is $200.00.
• Rogers reported quarterly EPS of $0.92, missing estimates of $0.99, although revenue of $216.8 million exceeded expectations. The stock opened at $126.63 and has a one-year range of $75.14 to $169.00.

Deutsche Bank AG bought a new position in Rogers Corporation (NYSE:ROG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,299 shares of the electronics maker's stock, valued at approximately $3,160,000. Deutsche Bank AG owned approximately 0.11% of Rogers at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in shares of Rogers by 24.3% during the fourth quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker's stock valued at $139,098,000 after acquiring an additional 297,380 shares in the last quarter. Norges Bank bought a new position in Rogers in the 4th quarter worth about $119,157,000. State Street Corp boosted its stake in Rogers by 3.8% in the 4th quarter. State Street Corp now owns 732,659 shares of the electronics maker's stock worth $67,090,000 after purchasing an additional 27,036 shares in the last quarter. Ameriprise Financial Inc. grew its position in Rogers by 38.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker's stock valued at $40,863,000 after purchasing an additional 165,174 shares during the last quarter. Finally, Clearline Capital LP grew its position in Rogers by 36.6% during the 4th quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker's stock valued at $43,298,000 after purchasing an additional 126,636 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROG has been the subject of several recent analyst reports. Weiss Ratings raised shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Rogers from a "hold" rating to a "buy" rating in a report on Sunday. B. Riley Financial raised 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, Zacks Research lowered shares of Rogers from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Rogers currently has a consensus rating of "Hold" and an average price target of $200.00.

Rogers Stock Performance

NYSE ROG opened at $126.63 on Thursday. Rogers Corporation has a one year low of $75.14 and a one year high of $169.00. The stock has a 50-day moving average of $138.72 and a 200 day moving average of $127.88. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 72.36 and a beta of 0.51.

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

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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