15,602 Shares in Rogers Co. (NYSE:ROG) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Rogers Co. (NYSE:ROG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,602 shares of the electronics maker's stock, valued at approximately $1,585,000. Raymond James Financial Inc. owned 0.08% of Rogers as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ROG. Norges Bank purchased a new stake in Rogers in the fourth quarter valued at approximately $113,725,000. Nuance Investments LLC raised its position in shares of Rogers by 26.6% in the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock worth $82,312,000 after buying an additional 170,145 shares during the period. Vanguard Group Inc. grew its position in Rogers by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock valued at $239,125,000 after acquiring an additional 40,835 shares during the period. Barclays PLC increased its stake in Rogers by 285.5% during the third quarter. Barclays PLC now owns 30,580 shares of the electronics maker's stock worth $3,457,000 after acquiring an additional 22,647 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Rogers by 29.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker's stock valued at $8,726,000 after purchasing an additional 17,648 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Stock Up 1.1 %

Shares of Rogers stock traded up $0.71 during trading hours on Tuesday, hitting $63.03. 365,222 shares of the company's stock traded hands, compared to its average volume of 174,424. Rogers Co. has a twelve month low of $51.43 and a twelve month high of $134.07. The stock has a 50 day simple moving average of $66.18 and a 200-day simple moving average of $87.74. The company has a market cap of $1.17 billion, a PE ratio of 44.70 and a beta of 0.41.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $187.50 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. As a group, equities research analysts predict that Rogers Co. will post 3.57 EPS for the current year.

Insider Buying and Selling

In other Rogers news, VP Griffin Melaney Gappert sold 756 shares of the business's stock in a transaction on Thursday, May 1st. The shares were 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 owns 4,484 shares in the company, valued at $280,474.20. The trade was a 14.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.35% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. B. Riley lifted their price target on shares of Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. CL King initiated coverage on Rogers in a report on Monday, March 31st. They issued a "buy" rating and a $85.00 price target for the company.

Rogers Profile

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.