Pinnacle Associates Ltd. Buys 1,704 Shares of Rogers Co. (NYSE:ROG)

Pinnacle Associates Ltd. increased its stake in shares of Rogers Co. (NYSE:ROG) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,734 shares of the electronics maker’s stock after acquiring an additional 1,704 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.65% of Rogers worth $13,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hedges Asset Management LLC boosted its position in Rogers by 23.8% during the 3rd quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock valued at $294,000 after buying an additional 500 shares during the period. Creative Planning boosted its holdings in shares of Rogers by 26.1% during the third quarter. Creative Planning now owns 5,531 shares of the electronics maker’s stock worth $625,000 after purchasing an additional 1,144 shares during the period. Procyon Advisors LLC grew its stake in shares of Rogers by 22.5% in the third quarter. Procyon Advisors LLC now owns 2,777 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 510 shares during the last quarter. Inspire Investing LLC increased its holdings in Rogers by 25.6% during the 3rd quarter. Inspire Investing LLC now owns 4,095 shares of the electronics maker’s stock valued at $463,000 after purchasing an additional 834 shares during the period. Finally, Diversified Trust Co lifted its holdings in Rogers by 5.9% in the 3rd quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock worth $321,000 after buying an additional 158 shares during the period. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Up 0.8 %

Shares of ROG traded up $0.84 during trading hours on Wednesday, reaching $104.39. 19,799 shares of the company traded hands, compared to its average volume of 150,204. Rogers Co. has a 12 month low of $96.10 and a 12 month high of $138.85. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 38.66 and a beta of 0.50. The company’s fifty day moving average price is $104.36 and its two-hundred day moving average price is $112.83.

Rogers (NYSE:ROG) last released its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The firm had revenue of $210.30 million for the quarter, compared to the consensus estimate of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same period in the prior year, the firm earned $1.24 EPS. On average, analysts expect that Rogers Co. will post 2.71 EPS for the current year.

Rogers Company 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.