Federated Hermes Inc. Cuts Position in Rogers Co. (NYSE:ROG)

Federated Hermes Inc. lowered its stake in shares of Rogers Co. (NYSE:ROG) by 79.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,954 shares of the electronics maker’s stock after selling 287,938 shares during the period. Federated Hermes Inc.’s holdings in Rogers were worth $10,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new stake in shares of Rogers during the 4th quarter worth approximately $30,000. B. Riley Wealth Advisors Inc. boosted its position in Rogers by 8.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after purchasing an additional 132 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Rogers during the third quarter worth $224,000. Quantbot Technologies LP acquired a new stake in Rogers in the third quarter valued at $255,000. Finally, Teacher Retirement System of Texas increased its position in shares of Rogers by 17.9% in the third quarter. Teacher Retirement System of Texas now owns 2,073 shares of the electronics maker’s stock valued at $273,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Price Performance

Rogers stock opened at $109.30 on Wednesday. The firm has a market capitalization of $2.04 billion, a PE ratio of 36.07 and a beta of 0.69. Rogers Co. has a 52 week low of $105.48 and a 52 week high of $173.16. The firm’s 50-day simple moving average is $114.75 and its 200 day simple moving average is $121.33. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. Rogers had a return on equity of 5.82% and a net margin of 6.23%. On average, equities research analysts predict that Rogers Co. will post 2.93 EPS for the current fiscal year.

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.