Deutsche Bank AG Has $3.77 Million Stake in Rogers Co. (NYSE:ROG)

Deutsche Bank AG increased its stake in Rogers Co. (NYSE:ROG - Free Report) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,093 shares of the electronics maker's stock after purchasing an additional 4,279 shares during the period. Deutsche Bank AG owned 0.20% of Rogers worth $3,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC increased its holdings in Rogers by 810.8% in the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock worth $60,000 after acquiring an additional 527 shares in the last quarter. Covestor Ltd boosted its position in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock valued at $118,000 after acquiring an additional 354 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after acquiring an additional 118 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of Rogers during the 4th quarter valued at about $222,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Rogers in the 4th quarter valued at about $274,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Griffin Melaney Gappert sold 756 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the sale, the vice president now directly owns 4,484 shares in the company, valued at $280,474.20. This trade represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.35% of the company's stock.

Wall Street Analysts Forecast Growth

ROG has been the topic of several research analyst reports. B. Riley boosted their price objective on shares of Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. CL King initiated coverage on shares of Rogers in a research note on Monday, March 31st. They set a "buy" rating and a $85.00 target price on the stock.

Rogers Stock Performance

Rogers stock traded down $1.57 during midday trading on Friday, reaching $65.48. The company's stock had a trading volume of 117,025 shares, compared to its average volume of 177,899. Rogers Co. has a fifty-two week low of $51.43 and a fifty-two week high of $134.07. The stock's 50 day simple moving average is $63.59 and its 200 day simple moving average is $84.61. The firm has a market capitalization of $1.21 billion, a PE ratio of 46.44 and a beta of 0.41.

Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $187.50 million. Equities analysts predict that Rogers Co. will post 3.57 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.